Tan Chong Motor Holdings BHD’s unit TC Motor Vietnam Co., Ltd has entered into an exclusive distribution agreement with Xiamen King Long United Automotive Industry Co. Ltd, to become the assembler, exclusive distributor and service provider of the King Long XMQ6829Y Coach Model in Vietnam.
King Long, founded in 1988 is a company that specialises in the design, production and sale of various buses, minibuses and coaches.
Tan Chong Motor Vietnam Co. was established in 2005 to carry out activities focused on the manufacturing and assembly of buses, trucks and automobiles in Vietnam.
The initial agreement is for 5 years and both parties can extend the agreement upon mutual agreement.
Tan Chong entered into the agreement in order to facilitate its penetration in a different bus/coach segment.
“King Long had experience in Vietnamese market from year 2006 – year 2010 via its collaboration with a local automotive corporation in Vietnam. The securing of the King Long franchise will enable TCMV to complete its application for manufacturing licence from the Vietnamese authorities,” it said.