VinFast cooperates with Gotion High-Tech to produce LFP batteries for electric vehicles

Speaking at the cooperation agreement, Zhen Li, President of Gotion High-Tech Company, said that Gotion High-Tech will use leading technologies and experience in battery manufacturing to support Vinfast electric cars development. The two sides will contribute to jointly develop the clean energy industry and promote low emission targets in Vietnam, China and around the world.

Monday, August 23, 2021 14:16

VinFast cooperates with Gotion High-Tech to produce LFP batteries for electric vehicles ảnh 1

Under the agreement, VinFast and Gotion High-Tech will conduct joint research, development and production of LFP batteries. (Photo: Vinfast)

Hanoi (VNA) - VinFast Manufacturing and Trading Co., Ltd andGotion High-Tech Co., Ltd. (China) signed a Memorandum of Understanding oncooperation in research and production of LFP battery cells for VinFastelectric vehicles.

Under the agreement, VinFast and Gotion High-Tech will conduct joint research, development and production of LFP batteries. LFP battery is currently the most popular battery technology in the global electric vehicle market, with outstanding benefits, including competitive cost which helps to reduce product costs and is suitable for small and medium-sized electric cars.

According to VinFast, the research and construction of an LFPbattery factory in Vietnam is one of the efforts to establish a clean energyecosystem, contributing to the localization of supply. Thai Thi Thanh Hai -Vice President of Vingroup shared that cooperation with Gotion High-Tech - a world's leading prestigious battery manufacturer is one of VinFast's importantaction plans in the development of the new product line of smart electric cars andsupply chain autonomy. VinFast's overall goal is to establish a clean energyecosystem and reduce carbon emissions in Vietnam as well as contribute to thisgoal in markets around the world in which VinFast operates.

In addition, Vingroup has established VinESEnergy Solutions Joint Stock Company to develop solutions and produce batteries for electric vehicles. At the same time, VinFast also plans to buildbattery and charger factories in the US and Europe to serve its internationalexpansion strategy in the future./.

VNA

#electric car #Vingroup #automobile #manufacturing #cooperation #electric vehicle #green energy

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