Gotion High-Tech and VinES Vietnam Base Break Ground at Joint Venture Battery Factory

The joint venture battery factory by Gotion High-Tech and Vietnam VinGroup was officially opened in Vietnam Ha Tinh Economic Development Zone.

The project is expected to achieve annual production capacity of 5GWh, expected to be in operation by the end of 2023, which is the first LFP battery factory in Vietnam.

The factory was jointly invested by Gotion High-tech, and VinES (a member of VinGroup). Gotion High-tech holds 51% of the shares and VinES holds 49%.

According to the plan, The project has a scale of 14 hectares with a design capacity of 5GWh/year, and is expected to be completed and put into operation by the end of 2023. To meet the demand of LFP batteries for VinFast new energy vehicle batteries.

At the Groundbreaking ceremony, Li Zhen, Chairman of Gotion High-Tech, said: VinGroup is the most respectable enterprise in Vietnam. 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.