VinES and Gotion High-Tech break ground at a 5GWh/year LFP battery factory

The project has a total investment of more than VND 6,329 billion ($275 million USD), a scale of 14 hectares (34.5 acres) with a design capacity of 5GWh/year, equivalent of approximately 30 million battery cells per year.

The groundbreaking ceremony of VinES and Gotion joint venture LFP battery factory

The groundbreaking ceremony of VinES and Gotion joint venture LFP battery factory

The joint venture LFP battery cell factory, funded by VinES and Gotion, is situated in Lot CN4-5 in the construction subdivision planning of Central Industrial Park CN4, CN5, Vung Ang Economic Zone, Ha Tinh, Vietnam. The factory’s products are rechargeable LFP (Lithium Iron Phosphate) battery cells, mainly used for EV batteries and energy storage systems (ESS).

With a high level of automation and a cutting-edge, optimized production process, the joint venture LFP battery cell factory will fulfill the needs of VinFast’s electric vehicles (EVs) that require LFP batteries and ESS products developed by VinES. In the later phase, VinES and Gotion will research and expand the project according to the market’s development opportunities and potential.

At the Groundbreaking ceremony, Pham Thuy Linh – CEO of VinES – said: The LFP battery cell factory is a joint venture with our partner – Gotion. It is an essential component in creating battery supply autonomy for VinFast EVs and VinES’s development goal to become the preeminent energy solutions company. 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. In addition, the factory will also open up new development opportunities for the Vietnamese EV and clean energy industry.”

Li Zhen, Chairman of Gotion High-Tech, said: “Vingroup is a highly respected enterprise in the world. We are very honored to cooperate with VinES of Vingroup, to build the factory and contribute to the energy revolution, climate-friendly and economic development of Vietnam. The VinES Gotion Ha Tinh Battery factory is an integral part of Gotion’s globalization strategy and the first LFP battery factory in Vietnam. I firmly believe that the battery factory will boost the development of Vietnam’s new energy industry with the cooperation of both sides, and jointly contribute to the energy revolution and climate friendliness of human society.”

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. This is an important part in Vingroup’s “3-prong” battery strategy: (1) Buying batteries from the world’s best manufacturers, (2) Cooperating with partners to produce the world’s best batteries and (3) In-house battery production research and development.

In December 2021, VinES started constructing a battery manufacturing and packaging factory with a scale of 8 hectares (20 acres) in the first phase, and a total investment of VND 4,000 billion. After 11 months of construction, the factory is in the final stages of completion and will begin operations in December 2022, producing Lithium batteries for VinFast electric vehicles and e-buses.

About VinES

VinES Energy Solutions specializes in the R&D and manufacturing of advanced batteries for mobility and energy storage applications. VinES cooperates with many world-leading battery cell manufacturers and is investing in modern battery manufacturing plants in Vietnam.

About Gotion High-Tech

Gotion High-tech Co., Ltd. is a world-leading provider of new energy solutions. It focuses on the R&D, production and sales of EV lithium-ion batteries and ESS batteries, and ranks among the top in China and the global market in terms of comprehensive strength.

VinGroup

The post VinES and Gotion High-Tech break ground at a 5GWh/year LFP battery factory appeared first on Vietexplorer.com.

View more from VietExplorer:

Vietnamese flavour on Zanzibar Island
Sa Chau fish sauce – specialty condiment of Nam Dinh province
‘Yao’ leaf powder soup: A traditional Tet dish of Ede ethnic people
Vietnamese traditional offering trays prepared for Lunar New Year’s Eve
Scuba tours in Nha Trang suspended to save coral reefs
Vietnamese list among most willing travelers
Eggs Festival held in Vietnam gather Michelin cooks
Vietnamese Press Photo Exhibition debuts
First Environmental Latin American Film Festival to be held in Hanoi
Ho Chi Minh City Fine Arts Association hosts silk painting exhibition
Lao Cai develops foundational factors to ensure sustainable development
Global Wellness Day Vietnam 2022 promotes health and happiness
Hanoi welcomes over 8.6 million visitors in first half of 2022
International tourists excited to return to Binh Thuan
Five places visitors shouldn’t miss on trip to Phu Tho
Ly Hoang Ly solo exhibition adds to artistic vitality in Hanoi
Vietnam grandmaster runner-up at Prague Masters
Logo design contest launched for 50th anniversary of Vietnam-Japan diplomatic ties
Free night admission to Hue citadel for visitors during Hue Festival 2022
Experience of going up to the forest and down to the sea on Cat Ba Island

Comments

Post a Comment

Popular posts from this blog

Red Vermicelli: Dak Lak’s Delicious Delicacy

Image
Buon Ma Thuot not only has premium coffee with a unique delicious taste, but also many other famous delicacies such as wine, marinated chicken, fragrant rice tubes, and especially the excellent red vermicelli. Red vermicelli is a popular specialty of Dak Lak. Although there are some similarities with vermicelli in the South, the famous red vermicelli in the “capital of coffee” is very different. It has big, firm vermicelli, similar to Southern beef vermicelli but slightly better, about the size of a chopstick, chewy and crispy. Different from sophisticated dishes like pho in Hanoi, vermicelli with fish in Quy Nhon, bun bo Hue, or vermicelli in Can Tho, Ban Me red vermicelli is extremely rustic, strange, and especially delicious. At first glance, red vermicelli is quite similar to crab vermicelli, but this dish is made from pure crab meat, pureed pork and fat, vegetables, bean sprouts, and of course, boiled quail eggs. Photo: ttvn.toquoc.vn The special thing about red ve...
Read more

Vietnam Voted In Top 5 Most Attractive Destinations In Asia

Image
Accordingly, the country ranked fifth in the list, and it is one of the most peaceful countries in the world. The magazine noted that Vietnam has been developing with both youthful and dynamic vitality. It boasts numerous majestic and beautiful natural wonders. The beauty of Hoi An Ancient Town (Photo: Judyta Jastrzebska) The Travel mentioned limestone islands in unique shapes located in Ha Long Bay, Phong Nha Cave in Phong Nha – Ke Bang National Park, and charming rivers throughout the Mekong Delta region. Furthermore, vast rice fields and typical floating markets help to increase the attractiveness of this top regional tourist destination, it said. The Travel stressed that Vietnam is not only home to an array of natural beauty, but it also attracts tourists through its architectural works with century-old historical and cultural imprints. Rounding off the list are Japan, Indonesia, Thailand, and Laos. Reasons to visit Vietnam History Photo: Life of Doing ...
Read more

Stunning Vietnamese landscapes in 35AWARDS Photography Award 2023

Image
International photography contest – 35AWARDS,  with the largest number of professional jury, has attracted more than  450,000 entries from hundreds of photographers worldwide. The 35AWARDS honor photographers by offering awards in various photo genres, from aerial photography, and daily life to landscapes and wildlife. Let’s enjoy the photos by Vietnamese photographers whose work selected the Top 5 Excellent Photos and 100 Most Impressive Drone Photos of the 35AWARDS 2023.  Two hunting whales were taken by Pham Huy Trung on De Gi Beach in the central coast province of Binh Dinh, Vietnam, in August 2022.  The photo “Spring on the Tea Hill” taken by Pham Huy Trung in Dam B’ri Commune, Bao Loc District, the Tay Nguyen (Central Highlands) province of Lam Dong, is among the 100 most beautiful photos of this year’s award.   The photo titled “Mother’s Shoulder-poles” by Pham Chi Cong shows the image of an old woman with he...
Read more