Selex Motors and Samsung SDI on Friday inked a strategic partnership memorandum for the development of electric motorcycle batteries.
Under the agreement, Samsung SDI will become a strategic battery cell supplier for Selex Motors, producing electric motorcycle batteries for the Selex smart electric motorcycle ecosystem.
Selex Motors will also create and supply Samsung SDI battery cells for other partners in the Vietnamese and Southeast Asian markets.
Both parties hope to extend the battery swap network that Selex is pioneering into an essential shared energy infrastructure in Vietnam and the region.
As a result, Selex Motors has become Samsung SDI's first official partner in Vietnam to collaborate in providing battery cells while developing the market in Vietnam and Southeast Asia by promoting both sides' strengths.
Samsung SDI is a member of South Korea's Samsung Group and one of the world's leading manufacturers and suppliers of lithium-ion batteries, solar panels, and energy storage systems. Samsung SDI has provided battery cells to many major worldwide companies including BMW, Audi, Volkswagen, Ford, Hyundai, and GM Motors.
To collaborate with Selex Motors, Samsung SDI spent more than a year assessing the product design quality, technological capabilities, production lines, and development prospects of the Vietnamese electric motorcycle brand.
Speaking at the ceremony, Nguyen Huu Phuoc Nguyen, general director of Selex Motors, stated that working with Samsung SDI to develop and deliver electric motorcycle batteries in Vietnam and the region is a significant milestone for Selex Motors.
"This indicates the trust of a global partner in Selex Motors and the Vietnamese electric vehicle sector. This is also a significant step forward for the company's dedication to product safety and quality of the highest standard. We hope to work with Samsung SDI in the near future to provide the best electric vehicle battery products for the Vietnamese and Southeast Asian markets,” said Nguyen.
Lee Joon-Seo, sales director of Samsung SDI in Southeast Asia, said that even though Selex Motors is a start-up firm, it has considerable technological depth and development potential.
"Selex's manufacturing line, design, and product quality all satisfy the criteria we set when looking for partners. We are particularly impressed with Selex Motors' shared battery swap solution and look forward to collaborating to advance its development in Vietnam and Southeast Asia," said a Samsung SDI representative.
Selex Motors is currently the first electric vehicle firm to establish a network of shared battery exchange stations in both Vietnam and Southeast Asia.
Selex Motors' innovation allows electric motorcycle owners to charge their batteries for 150 kilometers in just two minutes. Furthermore, using proprietary technology, Selex Motors' batteries are compatible with more than 70% of electric motorcycles on the market today.