VinES Energy Solutions, part of the Vingroup conglomerate, and Chinese battery manufacturer Gotion Inc. have begun constructing Vietnam’s first LFP battery cell production facility. The facility, a USD275 million joint venture between the two companies, is situated next to VinES battery pack manufacturing plant in the Vung Ang Industrial Zone in Ha Tinh. Mass production is expected to commence in Q3 of 2024, with a planned annual production capacity of 5GWh.



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