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Gotion High-tech and VinES Energy Solutions, a subsidiary of Vietnam's Vingroup JSC, have begun construction of a battery plant in the Southeast Asian country, the first lithium iron phosphate (LFP) battery plant in Vietnam, the Chinese power battery giant announced Saturday.
This very first and most advanced battery plant in Vietnam will be equipped with European and American-standard technologies that boast an astounding workflow automation rate of 80%. Vingroup is also working with strategic partners, include world's leading companies in pioneering technologies for the production of electric vehicle batteries.
Phase Two of the factory will expand production to include battery cells manufacturing and upgrade capacity to 1 million battery packs per year. This very first and most advanced battery plant in Vietnam will be equipped with European and American-standard technologies that boast an astounding workflow automation rate of 80%.
Gotion has a 51 percent stake in the Vietnam project and VinES has a 49 percent stake, the battery giant's press release said, without disclosing the amount of the investment. Reuters reported on Friday that the two companies will invest $275 million in the plant.
The facility will be the first LFP battery plant in Vietnam and will begin mass production in the third quarter of 2024 and is expected to create approximately 500 new jobs for the local community.
It focuses on the R&D, production and sales of EV lithium-ion batteries and ESS batteries. VinES Energy Solutions Joint Stock Company, a member of Vingroup, and Gotion Inc., a wholly owned subsidiary of Gotion High-Tech, have started construction of lithium iron phosphate (LFP) battery cell factory in Vietnam.
The joint venture factory project to produce LFP battery cells invested by VinES and Gotion is located at Lot CN4-5, Vung Ang Economic Zone, Ha Tinh province. The …
It is the first lithium iron phosphate battery manufacturing factory in Vietnam. According to the plan, the plant covers an area of 210 mu, and the annual production capacity …
VinES Energy Solutions Joint Stock Company, a member of Vingroup, and Gotion Inc., a wholly owned subsidiary of Gotion High-Tech, have started construction of lithium iron phosphate (LFP) battery cell factory in …
The joint venture factory project to produce LFP battery cells invested by VinES and Gotion is located at Lot CN4-5, Vung Ang Economic Zone, Ha Tinh province. The factory''s product is an LFP (Lithium Iron Phosphate) …
VinES Energy Solutions, a subsidiary of Vingroup Joint Stock Company, and Gotion High-Tech, have commenced construction work on a USD275 million battery plant …
Covering an area of 14 hectares in Vung Ang Economic Zone, the battery factory is invested in by VinES and Gotion Inc.. The two parties will contribute VND2.4 trillion …
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 …
Gotion High-tech and VinES Energy Solutions, a subsidiary of Vietnam''s Vingroup JSC, have begun construction of a battery plant in the Southeast Asian country, the first lithium iron phosphate (LFP) battery plant in …
VinES Energy Solutions, a subsidiary of Vingroup Joint Stock Company, and Gotion High-Tech, have commenced construction work on a USD275 million battery plant …
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Gotion High-tech and VinES Energy Solutions, a subsidiary of Vietnam''s Vingroup JSC, have begun construction of a battery plant in the Southeast Asian country, the …
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It is the first lithium iron phosphate battery manufacturing factory in Vietnam. According to the plan, the plant covers an area of 210 mu, and the annual production capacity of the project is planned to be 5GWh. It is …
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The construction of the VinES Battery Manufacturing Factory marks a significant step in implementing Vingroup''s "three-pillars" battery strategy, including procuring batteries from the...
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 …