TCIE Vietnam Co. Ltd—a member company of Malaysia’s Tan Chong Motor Group—has opened its Hoa Khanh industrial zone factory in Da Nang City’s Lien Chieu district.
TCIE Vietnam Factory is a 129,500 square metre manufacturing and assembly facility in Hoa Khanh Industrial Park, with investment capital totalling US$40 million. The factory’s modern assembly line has an annual capacity of 65,000 cars.
TCIE Vietnam is Tan Chong Group’s first international factory, joining its two Malaysia-based assembly lines. Tan Chong Group has operated in the automobile manufacturing and assembling industry for more than 50 years and is the main Malaysian distributor of Nissan and Renault vehicle lines.
The group wants to capitalise on this experience to make its first venture abroad a success. The Nissan Sunny 1.5L model is currently its most popular sedan with more than 800,000 units sold globally. The Nissan Sunny’s official Vietnamese price will be unveiled on June 17.
As part of marking its factory’s opening, TCIE donated VND100 million to Da Nang Oncology Hospital, an important medical institution serving patients in the central and central highlands regions.