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.
VinFast – a member of Vingroup – is Vietnam’s leading manufacturer of premium automobiles and the first Vietnamese automotive brand to launch in global markets. Established in 2017, VinFast’s state-of-the-art, 90% automated manufacturing complex in northern Vietnam is one of the largest in Southeast Asia. Designed to be one of the world’s leading smart electric mobility companies, VinFast currently produces several models of electric scooters and buses in Vietnam, and will launch three new electric SUVs – VF e34, VF e35 and VF e36 respectively of C, D and E classes – in Vietnam, North America and Europe in 2021 and 2022.
About Gotion High-Tech
Gotion is a technology-driven international company which focuses on power battery development and production. Gotion was founded in 2006 and went public in May 2015 as China’s first power battery company to enter the capital market. Gotion specializes in batteries for new energy vehicles, energy storage application, power transmission and distribution equipment, and other new energy business, and now has 10 production bases in China. In addition, Gotion has built 8 R&D centers in Hefei / China, Shanghai, Silicon Valley, Cleveland, Tsukuba / Japan, Singapore, Germany, and India. Gotion has more than 2,000 professional R&D engineers and scientists and has been granted 2,797 patents in different fields.