VinES And Gotion High-Tech Build LFP Battery Factory In Vietnam via insideevs.com
VinES Energy Solutions Joint Stock Company , a member of VinGroup, and Gotion High-tech, officially broke ground at the joint venture battery factory in Vietnam.ambition to produce and sell electric cars globally at scale.
The joint venture, of which 51% belongs to Gotion High-tech, while the remaining 49% is held by VinES, is located in Vietnam Ha Tinh Economic Development Zone. The total investment is estimated at 6,329 billion VND . Production is expected to begin at the end of 2023 with a target capacity of 5 GWh of lithium-ion battery cells annually. That's the equivalent of about 100,000 battery packs .
VinGroup already started construction of the VinES Battery Manufacturing Factory, envisioned for battery packs . The new project comes on top of that, bringing in-house also battery cell production and potentially expanding the output up to 1 million packs annually at some point in the future.
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