Gotion High-tech and VinES Vietnam break ground at a joint venture battery factory

A joint venture battery factory developed by Gotion High-Tech and Vietnam VinGroup has been officially opened in Vietnam Ha Tinh Economic Development Zone and is expected to achieve an annual production capacity of 5GWh, scheduled to be in operation by the end of 2023.
Gotion High-tech and VinES Vietnam break ground at a joint venture battery factory
Courtesy of Vietnam Vin Group.

The project is the first LFP battery factory in Vietnam and covers 14 hectares. Gotion High-tech has been continuously implementing its global strategy since the beginning of the year.

In June, the company reached strategic cooperation with JEMSE of Argentina to establish a joint venture production line of battery-grade lithium carbonate in Jujuy Province of Argentina. At the same time, the German Gotion was officially unveiled, which started the pace of "made in Europe" Gotion batteries. In July, the company's General Depositary Receipts (GDR) rang the bell on the SIX Swiss Exchange; In September, it signed a strategic cooperation agreement with Sumec to promote the export business of energy storage products.

“VinGroup is the most respectable enterprise in Vietnam” said Li Zhen, Chairman of Gotion High-Tech at the ground-breaking ceremony. “The battery factory jointly built by Gotion High-tech and VinGroup will support the battery needs of VinFast's electric vehicles. It will not only contribute to the energy revolution, climate-friendly and economic development of Vietnam but also contribute to the energy civilization of human society.”

According to the company's plan, by 2025, it is expected to achieve 300GWh annual production capacity of global production capacity, including 100GWh overseas, to help achieve global carbon neutrality.

For additional information:

Gotion High-Tech

Vin Group

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