On October 30th, at Hung Phu Industrial Park (Hung Yen), GEL-O&J Automobile Joint Stock Company—a joint venture between Geleximco Group (Vietnam) and Chery Group (China)—welcomed a delegation of Hung Yen provincial leaders to inspect the construction progress of the Omoda & Jaecoo Vietnam factory.
Leaders attending the groundbreaking ceremony of the automobile factory in Hung Yen. Photo: Omoda & Jaecoo Vietnam
The project, with a total investment of $319 million (approximately VND 8.4 trillion), spans over 380,000 m² and is divided into two phases (2025–2026 and 2027–2029). Upon completion, the factory will have a designed capacity of 120,000 vehicles per year, focusing on the production of new energy vehicles (NEV), hybrids, and electric cars.
The factory’s structure includes welding, painting, assembly, plastic component production workshops, a logistics center, and a European-standard test track. The project is expected to create thousands of jobs and boost the development of the domestic supporting industrial supply chain.
According to Geleximco representatives, the factory is being built under the “Green Factory – Smart Factory” model, aiming for automated operation, energy efficiency, and reduced emissions. The system will utilize renewable energy, rainwater recycling, wastewater circulation, and prioritize eco-friendly materials, aligning with Vietnam’s circular economy goals.
Representatives from Omoda & Jaecoo Vietnam and Hung Yen provincial authorities at the GEL-O&J Automobile Factory Groundbreaking Ceremony. Photo: Omoda & Jaecoo Vietnam
For Chery, Vietnam is considered a strategic production hub in Southeast Asia due to its favorable geographical location and skilled workforce. Chery representatives stated that the Omoda & Jaecoo factory in Hung Yen will not only serve the domestic market but also target exports to regional countries.
This marks the first Chinese automobile assembly plant in Vietnam, highlighting the deepening cooperation between domestic enterprises and international corporations in high-tech manufacturing.
The factory is expected to produce 120,000 vehicles annually. Photo: MXH
The project is part of Hung Yen Province’s industrial development strategy, contributing to attracting foreign investment, expanding production scale, and promoting economic restructuring toward modern industry. Local government representatives stated that the province will continue to support infrastructure and procedures to ensure the project’s timely completion.
