TrakMotive to Open New Manufacturing Facility in Vietnam

TrakMotive has announced its intention to expand global manufacturing operations into a new production facility in Vietnam this year. The plant represents the first phase of the company's development in the region, with a second phase expected to break ground by the end of this year.

According to TrakMotive, the new facility will improve lead times, strengthen supply chain efficiency and resilience, and enhance the company's production capacity to meet increasing demand.

The facility is part of a broader strategy to maintain competitive pricing and ensure supply chain stability in response to changing global market conditions.