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Reading: Work starts on VinES’ 5 GWh EV battery factory in Vietnam
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EV-a2z > News > Work starts on VinES’ 5 GWh EV battery factory in Vietnam
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Work starts on VinES’ 5 GWh EV battery factory in Vietnam

EV-a2za
Last updated: 2022/11/26 at 2:09 AM
EV-a2za Published November 26, 2022 2 Min Read
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2 Min Read
Vietnamees automaker VinFast
Vietnamees automaker VinFast
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A subsidiary and energy solutions division of Vingroup, VinES, and battery company Gotion have broken ground on a new 5 GWh battery factory in Vietnam to make “battery supply autonomy” for electric vehicle local production.

This week's China briefing discusses how VinES and Gotion High-Tech hosted a groundbreaking ceremony for the VinES manufacturing factory in Vietnam.

The full briefing is available for Rho Motion Members on the Membership Platform. #EVmarket #ChinaEVmarket #rhomotion pic.twitter.com/7CdTS1MYOZ

— Rho Motion (@rhomotion) November 23, 2022

VinES and its automotive subsidiary VinFast joined Gotion High-Tech to announce they have broken ground on construction in the Vietnam Ha Tinh Economic Development Zone, as per The Driven.

The new $275 million (€ 263 million) battery factory is a joint venture (JV) between VinES and Gotion and will supply EV batteries for VinFast.

#Lithium batteries production for #ElectricVehicles "made in Vietnam" (11/2022). Cooperation between China's Gotion High-Tech and Vietnam's Vingroup/VinES: total investment estimated: 275M $, #powercapacity: 30M cell batteries/year, equal to 5GWh/year @ https://t.co/QOWJy4hhem

— Lee Thang (@thangleadervn) November 20, 2022

Measuring 14 hectares (34.5 acres), the factory is anticipated to enter operation by the end of 2023 and is designed to reach an annual production capacity of 5 GWh.

Notably, the new factory will be Vietnam’s first factory to produce lithium iron phosphate (LFP) battery cells when completed.

New opportunities

The new LFP factory will join a 20-acre lithium-ion battery factory that VinES started construction in December 2021 and is expected to start operations next month.

The factory “is an essential component in creating battery supply autonomy for VinFast EVs,” as well as for VinES to grow as an energy solutions company, says VinES CEO, Pham Thuy Linh.

“Located next to the VinES battery pack manufacturing in the Vung Ang Economic Zone, this new factory will complete the closed loop production of LFP Batteries in Vietnam, thereby improving localization for VinFast’s EVs and optimizing production efficiency,” said Linh.

“In addition, the factory will also open up new development opportunities for the Vietnamese EV and clean energy industry.”

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TAGGED: Battery, Electric Vehicle, Lithium, Vietnam, VinES
EV-a2za November 26, 2022 November 26, 2022
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