Why are LFP batteries so popular in Vietnam?
The price of LFP batteries is competitive, which reduces the production cost of electric vehicles, especially small and medium-sized vehicles. For VinFast, exploring the local production of LFP batteries in Vietnam is part of the car maker’s efforts to establish a clean energy ecosystem and localize parts supply.
Could Giga Factory be the first LFP battery production plant in Vietnam?
They focus on the procurement of Gotion LFP batteries and discussion of the possibility to establish a Giga Factory - the first-ever LFP battery cell production plant in Vietnam. LFP battery is currently the most mainstream battery technology in the global new energy vehicle market, with unique advantages of high safety and long life.
What's going on with VinFast & gotion LFP batteries?
VinFast LLC and Gotion High-Tech Co., Ltd (China) - a reputable name in the global clean energy sector - signed an MoU, focusing on the procurement of Gotion LFP batteries and discussion of the possibility to establish a Giga Factory - the first-ever LFP battery cell production facility in Vietnam.
How many jobs will the LFP battery plant create in Vietnam?
The facility will be the first LFP battery plant in Vietnam and will begin mass production in the third quarter of and is expected to create approximately 500 new jobs for the local community.
Why are LFP batteries so popular?
LFP batteries can be produced without using expensive and rare materials such as cobalt and manganese that are harmful to workers and the environment. The price of LFP batteries is competitive, which reduces the production cost of electric vehicles, especially small and medium-sized vehicles.
What is LFP battery?
LFP battery is currently the most mainstream battery technology in the global new energy vehicle market, with unique advantages of high safety and long life. LFP batteries can be produced without using expensive and rare materials such as cobalt and manganese that are harmful to workers and the environment.
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