What's Happening?
Geleximco Group and Leekr Technology have signed a Memorandum of Understanding to enhance industrial collaboration in the automotive sector. The partnership aims to integrate advanced auto parts manufacturing with Vietnam's local resources, focusing on the new
energy vehicle segment. This collaboration is expected to advance Vietnam's automotive manufacturing capabilities, particularly in the production of intelligent chassis components. Leekr Technology, a leading supplier of intelligent chassis solutions in China, will bring its expertise in by-wire chassis products to the partnership, while Geleximco will leverage its local resource integration and industrial project investment capabilities.
Why It's Important?
This partnership is significant for Vietnam's automotive industry, as it aligns with the country's goals to expand its manufacturing capabilities and embrace new energy vehicles. By collaborating with Leekr Technology, Geleximco can enhance its supply chain and production efficiency, potentially leading to increased competitiveness in the global market. For Leekr, the partnership provides an opportunity to enter Vietnam's rapidly growing market, which is expected to see significant growth in electric vehicle sales. This collaboration could also stimulate local economic growth and job creation in Vietnam.
