Ha Tinh, Vietnam – (Newsfile Corp. – November 18, 2022) – Today, VinES Energy Solutions Public Company (a member of Vingroup) and Gotion Inc. (a wholly owned subsidiary of Gotion High-Tech) held the groundbreaking ceremony for LFP battery cell factory in Vung Ang Economic Zone (Ha Tinh). The project has a total investment of more than VND 6,329 billion (USD 275 million), covers an area of ​​14 hectares (34.5 acres) with a design capacity of 5 GWh/year, which corresponds to approximately 30 million battery cells per year.

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

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The joint venture LFP battery cell factory financed by VinES and Gotion is located at Lot CN4-5 in the construction subdivision plan 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, which are mainly used for EV batteries and energy storage systems (ESS).

With a high degree of automation and a state-of-the-art, optimized production process, the joint venture’s LFP battery cell factory will meet 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 development possibilities and potentials of the market.

at the groundbreaking Mrs. 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 the development goal of VinES to become the pre-eminent energy solutions company. Located next to VinES battery pack manufacturing in Vung Ang Economic Zone, this new factory will complete the closed-loop production of LFP batteries in Vietnam,…