Hanoi: Kim Long Motor Hue JSC (Kim Long Motor), based in Chan May - Lang Co commune of Hue city, and Germany's automotive technology company ZF Friedrichshafen AG (ZF Group) signed a strategic cooperation agreement on June 15. This agreement establishes a long-term partnership focusing on drivetrain technology, automotive transmissions, and solutions for new-energy vehicles.

According to Vietnam News Agency, this collaboration marks a significant development in the automotive industry, as both companies aim to leverage their expertise to advance vehicle technology. Kim Long Motor is expected to benefit from ZF Group's experience in drivetrain and transmission innovations, while ZF Group will gain access to Kim Long Motor's local market insights and production capabilities.

The partnership is anticipated to contribute to the growth of new-energy vehicle solutions, showcasing an effort to align with global trends towards sustainable transportation. Both companies have expressed optimism about the potential outcomes of their collaboration, signaling a commitment to innovation and technological progress in the automotive sector.