After establishing factories in China and Indonesia, in view of the taking off of motorbike markets in Southeast Asia’s Vietnam with great potential, KYMCO therefore set up joint venture company “ Hoa Lam KYMCO motor co., ltd” over there accordingly in year 2004 and actively enhanced the expanding of sales network and market development. Yesterday, the Aug.8, KYMCO initially invited Hoa Lam KYMCO’s 150 dealers from Vietnam to hold a dealer’s meeting in Taiwan. The itinerary in Taiwan especially includes the presentation of R＆D related accomplishment by KYMCO, besides visiting KYMCO’s factories. That fully demonstrates KYMCO’s .
Since KYMCO possessed the NO.1 status in domestic market in year 2000, it had been NO.1 position for last five years consecutively. And hopefully it will also be the sixth NO.1 in this year. In the condition that domestic market is gradually saturated, KYMCO has been actively exploring overseas markets and establishing factories abroad. Besides wining the “excellent exporting company “award, KYMCO is more outstanding with leading status in domestic motorbike market.
KYMCO holds 30% of Hoa Lam KYMCO’s share with 3 million US dollars investment, and presumably will continuously increases capital in another one or two years in the future to expand production and assembly scale. Currently the models launched in Vietnam are SR125、VIVIO125、DANCE100、EASY50 and other cub type series. In the future, KYMCO will aim at the preference of consumers to develop more suitable new model in Vietnam.