Mr. Thien plans to start a business selling electric vehicles.

Mr. Nguyen Van Thien's Xuan Thien Group plans to invest in a factory producing electric trucks and construction machinery in Ninh Binh, with the first prototype vehicles expected in the first quarter of 2027.

Mr. Nguyen Van Thien, Chairman of the Board of Directors of Xuan Thien Group. Photo: XT .

Xuan Thien Group, a business owned by businessman Nguyen Van Thien (also known as "Bau Thien"), has submitted a proposal to the Ninh Binh Provincial Department of Finance for an investment project to build a factory producing electric trucks and electric construction machinery in the Ninh Co Economic Zone, Nghia Lam commune.

According to the proposal, the project is planned on an area of ​​nearly 57 hectares. Phase I has a designed capacity of approximately 30,000 electric vehicles and construction machinery per year, comprising 3 production lines.

The first production line assembles tractor-trailers, box trucks, dump trucks, concrete mixer trucks, and heavy-duty trucks with a capacity of 18,000 vehicles per year. The second line manufactures and assembles mining trucks with a payload of up to 200 tons, wheel loaders, wheel excavators, forklifts, and road rollers, with a capacity of 10,000 products per year. The third line manufactures and assembles large tracked construction machinery such as tracked excavators and forklifts, with a capacity of 2,000 products per year.

According to the company's plan, the first prototype is expected to be completed in the first quarter of 2027.

In phase II, Xuan Thien plans to increase the localization rate and expand the factory's capacity to 200,000 vehicles and machines per year.

Initially, the trucks and electric construction machinery produced by the factory will serve internal needs at the group's large construction sites, green steel complexes, mining operations, and cement plants, before supplying the domestic and export markets.

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Notably, this factory project is also expected to be located next to the Xuan Thien steel complex, helping the company secure its own steel supply, optimize costs, and enhance its competitiveness.

According to Xuan Thien Group, the investment in a factory producing 100% electric vehicles and mechanical equipment aligns with the company's green development strategy. The company expects the project to become a new industrial driving force for Ninh Binh , creating thousands of jobs and contributing to the local budget.

Previously, Xuan Thien commenced construction of the Xuan Thien Nam Dinh Green Steel complex in mid-2025, with a total investment of nearly 100,000 billion VND . This complex covers an area of ​​over 400 hectares and has a designed capacity of 9.5 million tons of steel per year.

When fully operational, the project will contribute approximately 20 trillion VND to the state budget annually, while creating jobs for more than 21,000 workers.

Xuan Thien Group, primarily operating in the fields of energy, construction materials, and high-tech agriculture , is a business closely associated with the name of tycoon Nguyen Van Thien, also known as "Bau Thien." He is a second-generation entrepreneur, descended from the founder of Xuan Thanh Construction Company, Mr. Nguyen Xuan Thanh (born in 1950).

Mr. Thien is also the older brother of Mr. Nguyen Duc Thuy (born in 1976), who is currently the Permanent Vice Chairman of the Board of Directors of Sacombank.

In recent years, Xuan Thien has risen to prominence alongside Nam Dinh Football Club - a famous team with one of the largest and most passionate fan bases in Vietnam.

Source: https://znews.vn/bau-thien-tinh-di-lam-xe-dien-post1661228.html