VinFast has formed a partnership with Gotion High-Tech to jointly carry out the R&D and production of lithium iron phosphate (LFP) batteries.
Gotion High-Tech is a leading manufacturer of LFP batteries for electric vehicles, energy storage systems, and other applications in China and across the world.
Chairman of Gotion High-Tech Zhen Li shared: “Gotion High-Tech will use its cutting-edge technology and rich experience in battery manufacturing to fully support VinFast’s electrification strategy. VinFast electric models equipped with Gotion batteries must also be popular among consumers. Let us work together to advance the development of the new energy industry and accelerate the realization of the goal of “carbon neutrality” between China and Vietnam and the world.”
“The collaboration with such a prestigious battery manufacturer in the world as Gotion is among VinFast’s essential action plans for developing its smart electric cars and complete supply chains. Our ultimate objective is to establish a clean energy ecosystem, contributing to cutting carbon emissions in Vietnam as well as in VinFast’s global markets.” – said Thai Thanh Hai, Vice Chairwoman of Vingroup.
The company has also had many years of experience in battery research & development and boasts thousands of patents and licensed technological applications. So far, Gotion High-Tech has founded 8 R&D centers in China, the US, Japan, Singapore, Germany and India.
For VinFast, exploring the local production of LFP batteries in Vietnam is part of the car maker’s efforts to establish a clean energy ecosystem and localize parts supply.
To reinforce its electrification strategy, VinFast has been fostering collaborations with many prestigious partners around the world, including those from Israel, Taiwan, the US, etc.
These ties are aimed at boosting R&D and application of the most advanced battery technologies, such as a solid-state battery, extreme fast charging, new materials, new battery designs, etc.
In addition, Vingroup has recently established VinES Energy Solutions JSC focusing on research and manufacture of batteries for electric vehicles. VinFast also has plans to build production facilities for battery and charging equipment in the US and Europe, as part of its global expansion strategy.
By taking drastic actions, VinFast is gradually realizing the goal of becoming a leading global electric vehicle company and affirms its strong commitments to speeding up the trend of green transportation around the world.