GAC Launches Local Vehicle Assembly Plant in Cambodia
GAC Group has begun production at its knocked-down (KD) assembly plant in Kampong Chhnang province, Cambodia. This marks a shift from exporting complete vehicles to local manufacturing within the country. The facility is designed for an annual capacity of around 10,000 units and was launched after seven years of GAC's presence in Cambodia, evolving from distribution to brand-building and now production. The plant’s opening ceremony featured Cambodian Prime Minister Hun Manet and Chinese Ambassador Wang Wenbin. Hun Manet praised the project as a significant step toward industrial transformation for Cambodia, emphasizing its role in moving away from labor-intensive industries towards more advanced sectors. GAC's Trumpchi brand has seen over 300% average annual compound growth since 2024. Additionally, GAC recently signed an agreement with FAW Group to acquire part of a joint venture stake involving Toyota Motor Corporation.
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Topics: automotive foreign investment local production manufacturing expansion