Energy solutions major Gotion holds 15 mln of VinFast shares

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

China energy storage firm Hithium mulls $900 mln investment in Vietnam

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

New ADB partnership prioritizes Vietnam energy storage efforts, Indonesia coal phase-out

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

Vietnam aims for more in global battery supply chain

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, 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