Vingroup (VIC.HM), Vietnam’s largest conglomerate, announced on Sunday that it has begun construction on a $174 million battery cell plant for its VinFast electric vehicle division, allowing the company to control its whole battery supply chain. When its gasoline-powered cars bearing its own badge reached the streets in 2019, VinFast became the country’s first fully […]
Vingroup to build $387 mln battery cell plant in central Vietnam
Vietnam’s biggest conglomerate Vingroup will start construction on a $387 million battery cell plant for its auto arm VinFast electric vehicles (EVs) in central province of Ha Tinh this year, local authorities said on Wednesday. The plant, which has a capacity of 5 gigawatt hours (GWh) per year, will be on a 31.1-acre (12.6 hectare) […]
