Xuan Thien Group recently submitted a proposal to the Ninh Binh Department of Finance for a project to build an electric truck and electric construction machinery manufacturing plant with a capacity of 30,000 vehicles per year.
The group stated that if approved, the project will contribute to the development of the domestic mechanical engineering industry, moving towards self-sufficiency in manufacturing heavy-duty vehicles, machinery, and equipment. It will also foster green growth and sustainable development.
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An illustrative image of an automated truck assembly system. Photo: Xuan Thien Group
According to the proposal from Xuan Thien Automobile Joint Stock Company, a member of Xuan Thien Group, the plant will be located in the Ninh Co Economic Zone, Nghia Lam commune, Ninh Binh province. This location is geographically strategic as the project integrates into a circular economy chain, including a seaport system and the Xuan Thien Nam Dinh Green Steel Complex, which will supply high-quality steel plates.
The plant is planned to cover approximately 56.82 ha. Phase one will have an annual capacity of about 30,000 electric heavy construction vehicles and machinery, utilizing three modern production lines. Line one will assemble 18,000 units per year of tractor units, box trucks, dump trucks, concrete mixer trucks, and heavy-duty trucks. Line two will produce and assemble 10,000 units per year of mining trucks with capacities up to 200 tons per vehicle, wheel loaders, wheel excavators, forklifts, and road rollers. Line three will produce and assemble 2,000 units per year of large tracked construction machinery, such as tracked excavators and forklifts. The first prototype vehicle from the plant is anticipated by Q1/2027.
Under phase two of the plan, Xuan Thien will increase the localization rate and expand production capacity to 200,000 vehicles and machines annually.
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The proposed master plan for Xuan Thien Group's electric truck and construction machinery manufacturing and assembly plant. Photo: Xuan Thien Group
A representative from Xuan Thien Group affirmed that investing in a plant to manufacture 100% electric transportation vehicles and mechanical equipment aligns with the company's green and sustainable development orientation. Initially, the electric trucks and construction machinery produced by the plant will serve internal needs at the group's large construction sites, green steel complexes, mining operations, and cement plants, before being supplied to the domestic market and exported.
The project is being implemented to anticipate the energy transition trend during the 2026-2030 period, when global mechanical industry growth is projected to focus on electric vehicles. The development of solid-state battery technology is particularly expected to overcome range limitations, providing impetus to the market. Locating the plant in Ninh Binh, adjacent to the Xuan Thien Green Steel Complex, also enables the company to secure its steel supply, optimize costs, and enhance competitiveness.
The company expects the project to become a new industrial driver for Ninh Binh, creating thousands of jobs and contributing to the local budget. The enterprise aims to master electric mechanical vehicle production technology, thereby enhancing the competitiveness of Vietnam's mechanical engineering industry and supporting the Net Zero emissions target by 2050.
(Source: Xuan Thien Group)
