Is a battery energy storage system coming to Vietnam?
In September, solar and storage EPC and O&M provider Borrego selected Gotion High-Tech as a supplier of DC-block battery storage equipment for projects in the US, with deliveries scheduled to begin next year. Meanwhile, in Vietnam, the market for battery energy storage systems (BESS) has yet to take off.
Who makes EV lithium ion batteries?
It focuses on the R&D, production and sales of EV lithium-ion batteries and ESS batteries. VinES Energy Solutions Joint Stock Company, a member of Vingroup, and Gotion Inc., a wholly owned subsidiary of Gotion High-Tech, have started construction of lithium iron phosphate (LFP) battery cell factory in Vietnam.
Is gotion building a lithium iron phosphate cell Gigafactory in Vietnam?
Gotion is in a joint venture (JV) building a lithium iron phosphate (LFP) cell gigafactory in Vietnam, targeting EV and ESS sectors.
Which companies are building battery factories in Vietnam?
Other companies, such as LG Chem and Samsung SDI, are also building battery factories in Vietnam. This trend is being driven by the Vietnamese government’s support for the EV industry and the country’s low labor costs. The VinFast battery factory is a positive development for the Vietnamese automotive industry and the global EV industry.
Where is a battery factory located in Vietnam?
The pair broke ground on a cell factory last week at an industrial park in Vung Anh Economic Zone, Ha Tinh, Vietnam. Requiring around US$275 million investment, the 14-hectare production facility will have an annual production output of 5GWh, equivalent to about 30 million battery cells.
Is VinFast developing a second battery factory in Vietnam?
The conglomerate said Monday it is cooperating with Gotion Inc. to develop its second battery factory in the central province with an investment of VND6.3 trillion (around $274 million). The VinFast battery factory is part of a larger trend of battery manufacturing moving to Vietnam.
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