Samsung Electro-Mechanics, Samsung SDI post Vietnam revenue of $2.4 bln in 2023
Samsung Electro-Mechanics (SEM) - the semiconductor and camera module arm of South Korea chaebol Samsung, and Samsung SDI - the battery arm of Samsung, earned combined revenue of $2.36 billion in Vietnam in 2023, according to their separate financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast, Marubeni link up in further usage of EV battery
VinFast, the electric vehicle (EV) arm of Vietnamese private conglomerate Vingroup, and Marubeni, a major Japanese trading and investment conglomerate, will cooperate in exploring opportunities in secondary use of EV batteries, towards a circular economy model.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam automaker VinFast to merge with battery maker VinES at zero cost
Vietnamese electric vehicle maker VinFast will merge with battery maker VinES under private conglomerate VinGroup in a move that will involve VinGroup chairman Pham Nhat Vuong donating 99.8% of VinES shares to the automaker.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
EcoGraf, VinES establish Australia-Vietnam cooperation in battery production
Australia-based EcoGraf and Vietnam-based VinES have signed a non-binding memorandum of understanding (MoU) on a feasibility study for localization of battery anode material (BAM) in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia’s Solarvest installs 11 solar projects in Vietnam
Malaysia’s energy solution provider Solarvest Holdings Berhad, via its wholly-owned subsidiary Solarvest (Vietnam) Co. Ltd., has installed 11 rooftop solar projects in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinES factory produces first batteries for VinFast EVs
VinES, the battery-maker subsidiary of Vietnamese private conglomerate Vingroup, has produced the first battery packs for electric vehicles (EVs) made by the group’s automotive subsidiary VinFast.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese giant BYD to raise investment by $144 mln in Vietnam’s Phu Tho province
Chinese giant BYD will increase its investment in Vietnam by $144 million, Phu Tho province’s industrial park authority has announced.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam tops Southeast Asia in solar photovoltaic supply: ADB
Vietnam is the top solar photovoltaic (solar PV) supplier in Southeast Asia, accounting for 5% of the global supply, according to the Asian Development Bank (ADB).
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Energy solutions major Gotion holds 15 mln of VinFast shares
Gotion Inc., an energy solutions company aiming at creating the next generation of battery technology, owns 15 million VFS shares of Vietnamese electric vehicle maker VinFast, according to a filing with the U.S. Securities and Exchange Commission (SEC).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Earth VC jointly backs US battery firm
Ho Chi Minh City-headquartered investment firm Earth Venture Capital has joined the latest financing round for Group14 Technologies, an American maker of lithium-silicon batteries.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s VinES set to bring BESS solutions to Australia via new partner Magellan
Vietnamese firm VinES Energy Solutions and Australia’s Magellan Power announced Monday their signing of a memorandum of understanding outlining their strategic cooperation in commercial supply and service offering of battery energy storage systems (BESS) in the Australian market.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
South Korea's SKC signs deal with Hai Phong city for green, advanced materials investment
SKC Co., a South Korean manufacturer of advanced materials, signed a preliminary agreement on Monday with Vietnam's Hai Phong city to explore potential investment in advanced materials for secondary batteries, semiconductors, and other green sectors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
China energy storage firm Hithium mulls $900 mln investment in Vietnam
China’s Xiamen Hithium Energy Storage Technology is considering investing up to $900 million to build an energy storage system and battery plant in Vietnam, Reuters reported on Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese, Thai firms lay plans for lithium factory
Thailand-headquartered Pan Asia Metals and Vietnam’s VinES Energy Solutions have signed a non-binding memorandum of understanding to conduct a feasibility study for a lithium conversion factory.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
More VinFast electric vehicles arrive in US
Vietnamese carmaker VinFast's second batch of electric vehicles (EV) to the U.S market arrived at the Port of Benicia in California on Friday, U.S. time.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast, Mercedes-backed ProLogium eyes funds at $2 bln value
Global solid-state battery maker ProLogium, whose backers include giant Mercedes-Benz Group and Vietnamese electric vehicle (EV) producer VinFast, expects to raise fresh funding at a valuation of about $2 billion, Bloomberg said Wednesday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong city okays 3 FDI projects of $90 mln
Hai Phong city granted investment licenses to three foreign-backed projects on Tuesday, with a combined registered capital of $90 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan eyes $500 mln international bonds, two-digit revenue growth
Leading Vietnamese conglomerate Masan Group plans to issue international convertible bonds worth up to $500 million to increase its working capital this year, pursuing target revenue growth of 31%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese, Israeli firms team up to develop fast charging batteries
VinES Energy Solutions, a member of private Vietnamese conglomerate Vingroup, and StoreDot, an Israel-headquartered pioneer of battery solutions, have signed an agreement to develop extreme fast charging batteries.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam battery, EV maker nets $3 mln from ADB Ventures, others
Selex, a Vietnamese maker of electric two-wheelers and battery packs, has raised $3 million in a convertible note round from the Asian Development Bank’s venture capital arm ADB Ventures and other investors.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan High-Tech Materials obtains 15% revenue growth in 2022
Masan High-Tech Materials of Vietnamese conglomerate Masan Group has achieved a year-on-year increase of 15% in 2022 thanks to strong demand and pricing for Tungsten products.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
New ADB partnership prioritizes Vietnam energy storage efforts, Indonesia coal phase-out
Vietnam’s energy storage initiatives will benefit from a new $35 million capital fund from the Asian Development Bank (ADB) and non-profit Global Energy Alliance for People and Planet (GEAPP).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinES, Li-Cycle strike long-term battery recycling deal
Li-Cycle, the largest lithium-ion battery recycler in North America, said Wednesday it has signed a definitive agreement with Vietnam’s VinES Energy Solutions for a long-term battery recycling relationship.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Growatt opens first solar inverter plant in Vietnam
Growatt, a world-leading provider of solar energy solutions, has inaugurated its first Vietnam plant, manufacturing solar and storage inverters, and storage batteries.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam aims for more in global battery supply chain
Battery manufacturing either in Vietnam or outside by Vietnamese firms signals that the country is seeking to catch up with the strong global demand for advanced batteries like those reliant on lithium.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup, Gotion begin work on $275 mln Vietnam battery plant
Vingroup’s VinES Energy Solutions and China-based Gotion High-Tech started construction of their $275 million battery factory in Vietnam on Friday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinES, Li-Cycle launch global battery recycling partnership
Li-Cycle, the largest lithium-ion battery recycler in North America, and VinES Energy Solutions of Vietnamese major Vingroup announced Thursday the launch of their global recycling partnership.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup gets green light for second battery factory
The nation’s largest private conglomerate, Vingroup, has received in-principle approval to build its second auto battery plant in the same economic zone as the first in central Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hung Hai Group plans battery, hydrogen factories in Ba Ria-Vung Tau
Hung Hai Group, a major Vietnamese business involving infrastructure development and renewable energy, wants to build a battery plant and hydrogen generation factory in Chau Duc district, Ba Ria-Vung Tau province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Formosa Ha Tinh urged to adopt steel deep processing technology
Steel deep processing can help meet domestic demand better and satisfy high export requirements, National Assembly Chairman Vuong Dinh Hue told Formosa Ha Tinh Steel Corporation (FHS) Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup subsidiary to buy EV battery separators from Korea’s SKIET
SK IE Technology (SKIET), a member of South Korea’s SK Group, has signed an agreement to supply electric vehicle battery materials to a Vingroup subsidiary.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan’s German tungsten firm invests $53.3 mln in UK battery maker
H.C. Starck Tungsten Powders has signed deals to invest £45 million ($53.34 million) in the UK-based fast-charging Li-ion battery solutions Nyobolt, the Vietnamese conglomerate Masan Group’s minerals unit said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup subsidiary to build second EV battery plant
VinES Energy Solution JSC, a member of Vietnam’s largest private conglomerate Vingroup, plans to start work on its second electric vehicle battery plant in Ha Tinh province later this year.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
50 VinFast stores to electrify European market
Vietnamese electric vehicle (EV) maker VinFast plans to open more than 50 stores in Germany, France and the Netherlands.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast unveils VF 8, VF 9 pricing, battery subscription in Europe
Vietnamese automaker VinFast on Tuesday announced VF 8’s and VF 9’s pricing details and battery subscriptions for the European markets including Germany, France, and the Netherlands.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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