VinFast shakes hands with the world’s leading battery manufacturer, will build the first Giga factory to produce LFP battery cells in Vietnam

VinFast Manufacturing and Trading Company Limited and Gotion High-Tech Co., Ltd. (China) – one of the world’s leading names in the field of clean energy – signed a Memorandum of Understanding. The focus of the agreement is the project to supply LFP batteries and study the plan to build the first Giga Factory to produce LFP cells in Vietnam.

Under the agreement, VinFast and Gotion High-Tech will jointly conduct research, development and production of LFP batteries.

LFP batteries are currently the most popular battery technology in the global electric vehicle market, with outstanding points in safety, long life, no use of rare materials, limited supply, or limited exploitation. Unsatisfactory conditions in terms of labor safety, causing environmental impacts such as Cobalt, Manganese, etc. In particular, LFP batteries have a competitive cost, which helps to reduce product costs and is suitable for automobile models. small-medium sized electricity.

Gotion High-Tech is a leading Chinese and international battery manufacturer of LFP batteries for commercial electric vehicles, energy storage stations and other applications. This is also a unit with many years of experience in research, development and production, owning thousands of patents and licensed technology applications. Currently, Gotion High-Tech has set up 8 R&D centers in China, USA, Japan, Singapore, Germany and India…

VinFast and Gotion signed a cooperation agreement

On the side of VinFast, the research and construction of an LFP battery factory in Vietnam is one of the efforts to establish a clean energy ecosystem, contributing to the localization of supply. Ms. Thai Thi Thanh Hai – Vice Chairman of Vingroup shared: “Cooperating with Gotion High-Tech – the world’s leading prestigious battery manufacturer is one of VinFast’s important action plans in developing electric cars. Our common goal is to establish a clean energy ecosystem, reduce carbon emissions in Vietnam, and contribute to this great goal in markets around the world. VinFast participates in business activities”.

In addition to Gotion Hi-tech, VinFast has been promoting cooperation with many prestigious partners in the world from the US, Israel, Taiwan… to research, develop and apply advanced battery technologies. such as super-fast charging, 100% solid-state battery, new material technology, advanced battery design… The advantages of new technologies are that they allow high energy density, long travel distance, and high degree of mobility. superior safety, long service life, optimal cost and more environmentally friendly.

In addition, Vingroup has established VinES Energy Solutions Joint Stock Company to develop solutions and produce energy batteries for electric vehicles. At the same time, VinFast also plans to build battery and charger factories in the US and Europe to serve its international expansion strategy in the future.

VinFast’s goal is to “become a global electric vehicle company” and participate in promoting the green revolution in the world.

Gotion High-Tech (China) is a technology company operating in many countries, with a focus on the development and production of energy batteries. Founded in 2006, Gotion became the first Chinese battery manufacturer listed on the stock exchange in May 2015. Owning 10 manufacturing facilities in China, Gotion has strengths in electric vehicle batteries, power storage projects, power transmission and distribution equipment as well as other new energy fields. Besides, Gotion High-Tech has set up 8 R&D centers in China, USA, Japan, Singapore, Germany and India, with more than 2,000 highly specialized engineers and scientists and 2,797 patents in different fields.