{"id":36423,"date":"2022-11-18T10:46:18","date_gmt":"2022-11-18T15:46:18","guid":{"rendered":"https:\/\/autosector.com\/?p=36423"},"modified":"2022-11-18T10:46:18","modified_gmt":"2022-11-18T15:46:18","slug":"vinfasts-energy-division-breaks-ground-on-5-gwh-year-battery-factory","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=36423","title":{"rendered":"VinFast’s energy division breaks ground on 5 GWh\/year battery factory"},"content":{"rendered":"
\n\t\t\"VinFast
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Energy solutions division VinES \u2013 a member of Vingroup alongside VinFast<\/a> \u2013 and Gotion Inc have broken ground on a 34.5 acre LFP battery factory designed with an annual capacity of 5 GWh. That equates to roughly 30 million battery cells per year to support future VinFast EVs.<\/p>\n

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VinES Energy Solutions<\/a> is the R&D division of Vingroup in Vietnam, focused specifically on energy storage applications and the manufacturing of battery technologies. At the speed that parent company VinGroup moves, it should come as no surprise that VinES was only founded in August of 2021.<\/p>\n

Despite its infancy, the joint stock company looks to support Vingroup\u2019s EV manufacturing division VinFast, by manufacturing its own lithium-ion and LFP battery cells in Vietnam. According to today\u2019s news, it will do so with the help of Gotion Inc., a subsidiary of R&D and energy solutions provider Gotion High-Tech Co., Ltd<\/a>.<\/p>\n

\"VinFast<\/figure>\n

VinES, Gotion\u2019s battery joint venture will support VinFast EVs<\/h2>\n

Both companies shared images and statements in a press release<\/a> this morning following a groundbreaking ceremony at the site of the future battery factory in Ha Tinh, Vietnam. Both VinES and Gotion combined for an overall investment of $275 million to erect a 34.5 acre facility to produce lithium iron phosphate (LFP) battery cells used for VinFast EV modules and energy storage solutions.<\/p>\n

The upcoming facility will join a 20 acre lithium-ion battery factory VinES began constructing in December of 2021 to support VinFast EVs and electric buses. Operations at that site are expected to begin next month. <\/p>\n

When the second facility is complete, it will be the first LFP battery plant in Vietnam and is expected to create about 500 new jobs. The factory will also operate as a key part of Vingroup\u2019s \u201cthree-prong\u201d battery strategy to support VinFast and other energy ventures:<\/p>\n