VinES, Li-Cycle partner in battery recycling

VinES Energy Solutions (“VinES”), a Vingroup company that specialises in the research, development and manufacturing of advanced batteries for mobility and energy storage applications, and Li-Cycle Holdings Corp., an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, have announced the launch of a global recycling partnership.
VinES, Li-Cycle partner in battery recycling ảnh 1At the signing ceremony (Source: VinFast)
Hanoi (VNA) – VinES Energy Solutions (“VinES”), aVingroup company that specialises in the research, development andmanufacturing of advanced batteries for mobility and energy storageapplications, and Li-Cycle Holdings Corp., an industry leader in lithium-ionbattery resource recovery and the leading lithium-ion battery recycler in NorthAmerica, have announced the launch of a global recycling partnership.

Under the new partnership, the companies are exploringglobal recycling solutions for VinES and VinFast, a global electric vehiclemanufacturer that is also part of Vingroup.

The cooperation is expected to support VinES and VinFast intheir creation of a closed-loop battery supply chain to enhance theirenvironmental goals and contribute to the global electrified revolution withgreen mobility solutions.

Pham Thuy Linh, CEO of VinES said that the firm aims tobring sustainable solutions and minimise the impacts of its business andoperations on the environment for a greener future.

Meanwhile, Ajay Kochhar, co-founder and CEO of Li-Cycle saidthat he believes this partnership will be a significant step in his company’sgoal to be the leading and preferred global lithium-ion battery recyclingpartner and a launching pad to foster and deepen its commercial relationshipswith VinES and VinFast. “We all share a vision to advance a sustainable,efficient and closed-loop battery supply chain,” said Kochhar.

In addition to a significant manufacturing complex inVietnam, VinFast announced plans to build a large EV manufacturing facilityin North Carolina in March 2022. VinFast was granted an incentive package of 1.2billion USD from the State of North Carolina. and expects to invest 2 billionUSD to build the project’s first phase, which is designed to have capacity ofproducing 150,000 vehicles per year. VinES expects to continue to expand itscurrent battery manufacturing capabilities in Vietnam and is exploringexpansion into international markets. 

Li-Cycle’s patented and sustainable lithium-ion batteryrecycling technologies, including its Spoke & Hub Technologies, are anexcellent fit in both scale and scope for VinES and VinFast’s current andplanned manufacturing capabilities./.
VNA

See more

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

Rice is one of Vietnam's exports to Cuba. (Photo: VNA)

Vietnam-Cuba Business Forum held in Hanoi

Addressing the event, Cuban Ambassador Rogelio Polanco Fuentes affirmed that Cuba will always stand alongside the Vietnamese Government and business community in their efforts to achieve the challenging target socio-economic goals.

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.