Gotion is in a joint venture (JV) building a lithium iron phosphate (LFP) cell gigafactory in Vietnam, targeting EV and ESS sectors.
In September, solar and storage EPC and O&M provider Borrego selected Gotion High-Tech as a supplier of DC-block battery storage equipment for projects in the US, with deliveries scheduled to begin next year. Meanwhile, in Vietnam, the market for battery energy storage systems (BESS) has yet to take off.
The pair broke ground on a cell factory last week at an industrial park in Vung Anh Economic Zone, Ha Tinh, Vietnam. Requiring around US$275 million investment, the 14-hectare production facility will have an annual production output of 5GWh, equivalent to about 30 million battery cells.
The plant is Vietnam''s first LFP battery plant, in which Gotion has 51 percent stake and VinES has 49 percent stake. The VinES-Gotion battery plant, covering an area of 140,000 square meters, is located in Vietnam''s central province of Ha Tinh.
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Chinese battery manufacturer Gotion High-tech Co., Ltd. (Gotion, 002074.SZ) and VinES Energy Solutions (VinES), a power batter production unit of Vietnam''s largest conglomerate Vingroup …
Vietnam''s first lithium iron phosphate battery factory started construction in the Ha Tinh Economic Development Zone on November 18, a collaboration between Gotion High-tech and VinGroup. …
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It is the first lithium iron phosphate battery manufacturing factory in Vietnam. According to the plan, the plant covers an area of 210 mu, and the annual production capacity …
The Vietnam High-energy Lithium Iron Phosphate (LFP) Market is witnessing robust growth due to the increasing adoption of electric vehicles (EVs), government incentives …
It is the first lithium iron phosphate battery manufacturing factory in Vietnam. According to the plan, the plant covers an area of 210 …
The factory’s groundbreaking ceremony held on 18 November. Image: VinGroup. Gotion is in a joint venture (JV) building a lithium iron phosphate (LFP) cell gigafactory in …
The factory’s groundbreaking ceremony held on 18 November. Image: VinGroup. Gotion is in a joint venture (JV) building a …
It is understood that the project has a total investment of nearly 6.33 trillion Vietnamese dong (about 275 million US dollars), covers an area of 14 hectares, and has a design annual …
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