President Nguyen Xuan Phuc (centre) and other delegates press the button to start construction of the factory. (Photo: VNA) Ha Tinh (VNA) - Construction of VinES battery manufacturing factory costing 4 trillion VND (nearly 173.7 million USD) began on December 12 in central Ha Tinh province's Vung Ang Economic Zone with the presence of President Nguyen Xuan Phuc.
Financed by private conglomerate Vingroup, the factory will be developed on 8ha in its initial phase, providing lithium batteries for VinFast’s electric cars and buses.
The entire infrastructure of the factory, including a casting shop, a welding shop, and a packaging (battery pack) shop, is designed to produce 100,000 battery packs per year. The second phase of the factory will expand production to include battery cells manufacturing and upgrade capacity to one million battery packs per year.
At the groundbreaking ceremony, President Phuc spoke highly of Vingroup's operational strategy adjustment, that has shifted from the field of real estate investment and trading to hi-tech and services industries. The timely adjustment also demonstrated Vingroup's significant participation in the process of restructuring and modernising the nation's economy.
The President said the success of Vingroup is gradually becoming an industrial and technological group that would not only create inspiration for other economic groups in Vietnam but also play an important role in creating the “Make-in-Vietnam” eco-system on producing, recycling, and reusing renewable energy batteries.
Illustrative image (Photo: VinFast) He added that proactively capturing and developing battery technology was a key component to help VinFast quickly realise its strategic goal of becoming a global smart electric vehicle company. Self battery production would ensure the supply of diverse and suitable batteries for each line of VinFast electric vehicles while better meeting the battery needs of the domestic and international electric vehicle market, contributing to the global electric vehicle revolution.
Nguyen Viet Quang, Vice President cum CEO of Vingroup, said the construction of the factory reflected the company’s efforts to establish a clean energy ecosystem that contributes to the localisation of VinFast’s supply.
"Furthermore, we have been promoting collaboration with many prestigious partners around the world, including firms in the US, Israel, Taiwan, and mainland China, to research, develop and apply cutting-edge battery technologies such as super-fast charging, 100 percent solid-state batteries and highly advanced battery materials," he said.
Chairman of the Ha Tinh People's Committee Vo Trong Hai praised Vingroup's important contributions to the provincial socio-economic development in the past./.
Financed by private conglomerate Vingroup, the factory will be developed on 8ha in its initial phase, providing lithium batteries for VinFast’s electric cars and buses.
The entire infrastructure of the factory, including a casting shop, a welding shop, and a packaging (battery pack) shop, is designed to produce 100,000 battery packs per year. The second phase of the factory will expand production to include battery cells manufacturing and upgrade capacity to one million battery packs per year.
At the groundbreaking ceremony, President Phuc spoke highly of Vingroup's operational strategy adjustment, that has shifted from the field of real estate investment and trading to hi-tech and services industries. The timely adjustment also demonstrated Vingroup's significant participation in the process of restructuring and modernising the nation's economy.
The President said the success of Vingroup is gradually becoming an industrial and technological group that would not only create inspiration for other economic groups in Vietnam but also play an important role in creating the “Make-in-Vietnam” eco-system on producing, recycling, and reusing renewable energy batteries.
Illustrative image (Photo: VinFast) Nguyen Viet Quang, Vice President cum CEO of Vingroup, said the construction of the factory reflected the company’s efforts to establish a clean energy ecosystem that contributes to the localisation of VinFast’s supply.
"Furthermore, we have been promoting collaboration with many prestigious partners around the world, including firms in the US, Israel, Taiwan, and mainland China, to research, develop and apply cutting-edge battery technologies such as super-fast charging, 100 percent solid-state batteries and highly advanced battery materials," he said.
Chairman of the Ha Tinh People's Committee Vo Trong Hai praised Vingroup's important contributions to the provincial socio-economic development in the past./.
VNA
