# Geleximco Group to build $800M car plant in Thai Binh, Vietnam

Geleximco Group plans to build an $800 million automobile manufacturing and assembling factory in Tien Hai Industrial Park, Thai Binh Province, Vietnam. The first phase, costing $300 million, is expected to start construction in Q1 2023 and begin operation in Q3 2024 with an annual capacity of 50,000 cars.

- Type: New facility
- Announced: 2022-09-19
- Where: Tien Hai Industrial Park, Thai Binh Province, Vietnam
- Value: $800.0M
- Jobs: 1,200
- Starts operating: Q3 2024
- Status: announced
- Capacity: 50,000 cars per year (phase 1); 100,000 cars per year (phase 2 by 2030)
- Products: automobiles, electric cars, fuel cell vehicles, auto parts and accessories
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Geleximco](https://endata.com/companies/41523.md)

## Sources

- [news.tuoitre.vn](https://news.tuoitre.vn/vietnams-geleximco-group-plans-to-invest-800mn-in-car-manufacturing-plant-10369143.htm), 2022-09-19: "The project is expected to cost about $800 million and will be divided into two phases"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.