Cambodia to have five more vehicle assembly factories
Cambodia to have five more vehicle assembly factories
According to the Ministry of Commerce, five automobile manufacturers are reportedly building production facilities in Cambodia.
The five car companies, including HGB Motors Assembly, EM Automotive, GTV Motor, Toyota, and China Matrix Technology, are structuring their production in preparation for opening their assembly plants in Cambodia Ms. Cham Nimul, Minister of Commerce, said in the 1st Auto Show 2024 held here last Saturday.
Toyota will officially launch the operation of its assembly factory located in the Royal Group Phnom Penh Special Economic Zone this week.
“The Auto Show not only showcases the innovations and modernity of automobiles, but also reflects the rapid growth of the automotive sector in the fast-growing market in Cambodia,” she said.
The minister encouraged businesses and investment partners to consider expanding their business ventures and establishing production bases in Cambodia to benefit from ASEAN Plus trade agreements, trade preferences, national trade and investment facilitation framework, as well as investing in car factories, especially EVs, to supply the domestic market and for export.
The new factories will bring the total number of vehicle assembly plants in Cambodia to nine. Other operational vehicle assembly factories include Hyundai in Koh Kong province, SsangYong in Svay Rieng province, FORD in Pursat province, and Isuzu in Kampong Speu province.
