Leaders of two parties handed over the MoU to construct the factory to manufacture and erect electric scooter in Tan Hung industrial park which is executed by YGH with expected capacity of 2 million pieces per year.

PPC Chairman Le Anh Duong speaks at the meeting.

The project costs about 100 million USD. As schedule, it will be commenced in second quarter of 2023 on over 23 hectares of lands to create job to 3,500 labours.

General Manager of YGH Rong Wen You expressed his sincere thanks to the provincial leaders for their best facilitation to investor to the province. YGH has invested to manufacture and erect electric scooter in Vietnam for over 3 years. YGH planned to found a research center of electric scooter in Tan Hung industrial park.

Rong Wen You voices at the ceremony.

Representative from Lideco also committed to execute the infrastructure items at the industrial park soon so as to facilitate sub-investor to implement the project on schedule.

Speaking at the ceremony, PPC Chairman Le Anh Duong shared his happiness to witness the event. He urged investor of Tan Hung industrial park to highly mobilize sources to accelerate the construction progress, hand over the plane to sub-investor at soonest time for project execution as regulation.

The provincial leader applauded YGH’s decision to invest in Bac Giang for long time and establish a research center here. The province promised to create all possible favorable condition for YGH to execute the project with the expectation to form a close manufacturing chain of electric scooter.

The Bac Giang provincial leaders witness the MoU handing over ceremony between Yadea Group Holdings and Lideco No.1 Joint Stock Company.

After this project, he hoped YGH will introduce spare part producers to continue investing in Bac Giang so as to found an electric scooter manufacturing complex in Tan Hung industrial park.

On the occasion of upcoming Lunar New Year 2023, the provincial leader extended Tet greeting to the leaders and labours at YGH and Lideco.

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