KGM Chairman Visits Vietnam KD Plant, Plans Production of Rexton and Musso in H2 2026
KG Mobility (KGM) Chairman Jea-sun Kwak visited Kim Long Motors' KD production plant in Vietnam on March 10, reviewing preparations for full-scale assembly of Rexton and Musso models starting in the second half of 2026.
H2 2026
March 10, 2026
2023
What Happened
KG Mobility (KGM) is strengthening its cooperation in Vietnam with partner Kim Long Motors, a subsidiary of FUTA Group. Chairman Jea-sun Kwak visited the KD production plant in Hue Industrial Park on March 10, followed by a meeting at FUTA Group headquarters in Da Nang on March 11 to review facilities and discuss support measures. The plant is in its final completion stage and will produce KGM models like the Rexton and Musso starting in the second half of 2026.
KGM and Kim Long Motors sign licensing agreement for local vehicle assembly in Vietnam.
Chairman Kwak visits the KGM-dedicated KD plant in Hue Industrial Park.
KGM and FUTA Group hold a meeting to discuss production plans and cooperation.
Kim Long Motors begins full-scale KD production of Rexton and Musso models.
“The Vietnam plant will not only operate KD production but will also be supplied with KGM’s complete production facilities—including the body shop, paint shop, and assembly shop. This will enable the production of high-quality vehicles that incorporate KGM’s manufacturing know-how.”
Why this matters
This move shows KGM's strategy to boost exports by setting up local assembly in high-growth markets like Vietnam, aiming to increase global sales and compete in Southeast Asia.
Terms in This Story
- KD (Knock-Down) production
- A manufacturing process where complete parts are shipped to a local plant for final assembly, reducing costs and leveraging local labor.
- HOA (Head of Agreement)
- A preliminary, non-binding document outlining the key terms of a proposed partnership before a final contract.
Summarised from the linked release; details can be imperfect — always verify against the original source.