Vietnam’s first lithium-ion gigafactory could be on its way after a memorandum of understanding (MoU) was signed by vehicle OEM VinFast and electric drive train firm Gotion High-Tech.
The MoU focuses on the use of Chinese firm Gotion’s lithium iron phosphate batteries by Vietnam-based VinFast, and joint R&D and production of new battery technology.
So far, Gotion High-Tech has founded eight R&D centers in China, the US, Japan, Singapore, Germany and India.
Chairman of Gotion High-Tech, Zhen Li, said: "We will use cutting-edge technology and rich experience in battery manufacturing to fully support VinFast's electrification strategy.
VinFast has been fostering collaborations with partners around the world, including Israel, Taiwan, the US to boost R&D and application of advanced battery technologies such as solid-state battery.
Vingroup’s subsidiary VinES Energy Solutions JSC focuses on research and manufacture of electric vehicles batteries.
In July, Volkswagen Group and Gotion deepened a partnership based on a substantial shareholding agreement in May 2020.
Both partners are set to industrialise the planned battery cell production at the Salzgitter, Germany, site of Volkswagen Group Components and to develop first use cases of the Volkswagen unified cell concept for the volume segment.