China company plans EV assembly plant in Cambodia

China Matrix Technology Group-Horche Intelligent Automobile plans to set up a unit to assemble electric vehicles in Koh Kong province, as per a virtual meeting on October 22. According to Mishna Phuthong, Governor of Koh Kong Province, in 2021, the province had 7 large-scale industries with 10,843 workers. It included car assembly, wiring, electronics, sports equipment, and textiles and garment units. It also has 755 small and medium enterprises. In Koh Kong province, agriculture accounts for about 55.5 percent, industry 0.3 percent, and the service sector 44.2 percent. Of the labor force, factory workers account for about 15.1 percent of the total population. The Cambodian Government is encouraging investment in EV assembling plants. The new unit has the potential to create more green jobs and investments and help position Cambodia in the emerging global and regional supply chain for EVs. (Source: Khmer Times)