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 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 proj...