VinFast, South Korean firm to make batteries for EVs
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The joint venture will be located in the automaker’s factory in the southern port city of Hai Phong, where it will manufacture lithium-ion battery packs for VinFast’s electric scooters that are being made now, and for electric cars to be produced in the future, VinFast said in a statement.
The factory, which will be built on a 2,000 square meter area, will employ Vietnamese workers who will be trained in technology provided by LG Chem.
The automaker, a unit of Vietnam’s largest conglomerate Vingroup, rolled out its first made-in-Vietnam cars last month, the first steps in a $3.5 billion automaking venture.
VinFast has recently sent its SUV and sedan to European and Asian countries for quality testing and is set to deliver preordered vehicles in the second and third quarter.
Questions & Answers
Q.Which specific product lines will benefit from the new battery manufacturing facility?
Which specific product lines will benefit from the new battery manufacturing facility?
The facility will produce lithium-ion battery packs for VinFast's electric scooters, which are currently in production. It will also supply batteries for electric cars planned for future manufacture by the company.
Q.What is the role of the South Korean firm in this joint venture?
What is the role of the South Korean firm in this joint venture?
The South Korean firm, identified as LG Chem, is providing the technology for the new factory. Vietnamese workers employed there will receive training in this technology.
Q.When can customers expect delivery of pre-ordered VinFast vehicles?
When can customers expect delivery of pre-ordered VinFast vehicles?
VinFast is scheduled to deliver pre-ordered vehicles to customers in the second and third quarters. The company recently sent its SUV and sedan models for quality testing in European and Asian countries.
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