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.
Battery production at a VinFast factory in Hai Phong city, northern Vietnam. Photo courtesy of VinFast.
Under the agreement signed on Friday, the two firms will introduce extreme fast charging (XFC) battery solutions for the green mobility market, including smart electric vehicles manufactured by VinFast, also part of Vingroup.
They will also jointly research, develop, and offer XFC battery cells in various forms in preparation for mass production and supply.
The Israeli partner will share its technology, while the Vietnamese partner will provide and contribute its know-how and experience with development, manufacturing, and supply chain connectivity.
The first generation of the XFC battery is expected to be available commercially by 2025 and installed in VinFast vehicles.
“The partnership with StoreDot reflects VinES complimentary strategies by combining global innovative technologies with those in-house in our state-of-the-art production of electric vehicle batteries in Vietnam,” said Pham Thuy Linh, CEO of VinES.
The deal is also part of the long-standing relationship between the Israeli firm and Vingroup, as the latter was the lead investor in the former’s Series D funding round of $80 million in January 2022.
Per StoreDot’s production roadmap, the batteries will be capable of delivering 100 miles after just a five-minute charge in 2024, then three minutes in 2028, and two minutes in 2032.
In line with VinFast's move to develop electric vehicles, VinES has cooperated with various international partners in battery production.
Last week, Li-Cycle, the largest lithium-ion battery recycler in North America, signed a definitive agreement with VinES for a long-term battery recycling relationship.
VinES has also embarked on a partnership with Turkish company Altınay Elektromobilite to provide comprehensive energy storage solutions in the Turkish market.
In November 2022, VinES Energy Solutions and the China-based Gotion High-Tech started construction of a $275 million battery factory in Vietnam.
- Related News
- Read More
Indonesia eyes trilateral data-center tie-up with Singapore, Malaysia
Indonesia is in talks with Singapore and Malaysia to develop a cross-border data-center network linked to its Green Super Grid.
Southeast Asia - Fri, November 28, 2025 | 9:57 pm GMT+7
Malaysia’s export growth expected to slow in 2026
Despite Malaysia’s trade growth in October 2025 surpassing expectations, with both exports and imports reaching record levels, economists warned that the country’s export expansion may slow in 2026.
Southeast Asia - Fri, November 28, 2025 | 9:53 pm GMT+7
Singapore promotes methanol use for bunkering
The Maritime and Port Authority of Singapore (MPA) will issue licences to supply methanol as marine fuel in the Port of Singapore from January 1, 2026, following the Call for Applications launched in March 2025.
Southeast Asia - Fri, November 28, 2025 | 9:46 pm GMT+7
Vietnam's tour operator Vietravel announces full exit from Vietravel Airlines
Vietravel, one of Vietnam’s largest tour operators, will divest its entire stake in Vietravel Airlines by year-end, drawing a close to its turbulent venture into aviation during five years.
Travel - Fri, November 28, 2025 | 9:22 pm GMT+7
VinSpeed, Thaco vie for investment role in North-South high-speed railway
Several major Vietnamese companies, including Vingroup subsidiary VinSpeed and automaker Thaco, are vying for a role in Vietnam’s gigantic North-South high-speed railway project.
Infrastructure - Fri, November 28, 2025 | 5:14 pm GMT+7
Finnish fund PYN Elite raises VN-Index forecast to 3,200 points
PYN Elite (Finland), one of the largest foreign funds in the Vietnamese stock market, has revised up its forecast for the benchmark VN-Index to 3,200 points, much higher than the 1,690.99 recorded on Friday.
Finance - Fri, November 28, 2025 | 4:49 pm GMT+7
Mind the gap
Without stronger digital and physical networks, global productivity will falter at precisely the moment the world needs new engines of growth, writes Benjamin Hung, president, International, Standard Chartered.
Consulting - Fri, November 28, 2025 | 3:49 pm GMT+7
Alliance claiming $100 bln investment for trans-Vietnam high-speed railway 'uncontactable'
An alliance between Mekolor, a relatively unknown Vietnamese company, and American entity Great USA, which claimed it could mobilize $100 billion for the North-South high-speed railway project, could not be contacted, said standing Deputy Prime Minister Nguyen Hoa Binh.
Infrastructure - Fri, November 28, 2025 | 3:19 pm GMT+7
Mitsui eyes new opportunites in Vietnam's energy sector, projects related to carbon emission reduction
Mitsui & Co., Ltd. plans to expand its investment in Vietnam in the energy sector and projects related to carbon emission reduction, president and CEO Kenichi Hori told Prime Minister Pham Minh Chinh at a Thursday meeting in Hanoi.
Industries - Fri, November 28, 2025 | 2:39 pm GMT+7
Russian heavyweight Zarubezhneft seeks to build energy center in Vietnam
Zarubezhneft, a wholly state-owned oil & gas group of Russia, wants to develop an energy center in Vietnam, as it seeks to expand into other fields including energy and minerals.
Energy - Fri, November 28, 2025 | 1:08 pm GMT+7
Carlsberg Vietnam accelerates its path toward net-zero emission in production by 2028 with stronger renewable-energy commitments
As Vietnam advances toward its 2050 net-zero vision, businesses are expected to play a decisive role in enabling the country’s green transition. At the Green Economy Forum 2025, Carlsberg Vietnam shared how a long-standing FDI enterprise is reshaping its operations and energy strategy to align with Vietnam’s sustainability goals.
Companies - Fri, November 28, 2025 | 11:52 am GMT+7
PV Power says profit may fall in 2026 despite higher output due to extreme weather
PV Power (HoSE: POW), a subsidiary of state-owned energy giant Petrovietnam, expects electricity output to rise next year, but says profit may decline from this year’s strong results due to increasingly erratic weather conditions.
Companies - Fri, November 28, 2025 | 9:00 am GMT+7
Decoding the attraction of 'A.I Real Combat' contest broadcast on Vietnam Television
Vietnam’s first national artificial intelligence competition, 'A.I Thực chiến' (A.I Real Combat), aired its opening round at 8 p.m. Wednesday on state broadcaster VTV2, with a rebroadcast on VTV3 two days later.
Companies - Thu, November 27, 2025 | 8:17 pm GMT+7
Foxconn Industrial Internet’s Vietnam revenue jumps 83% on automation, digitalization: CEO
Foxconn Industrial Internet (FII), a unit of Taiwanese electronics giant Foxconn, saw revenue from its new-technology applications in Vietnam rise 83% in the past fiscal year while headcount increased only 20%, driven by automation and digitalization.
Companies - Thu, November 27, 2025 | 4:56 pm GMT+7
SHB bank sees development drivers from capital-raising strategy, opportunities to attract foreign inflows
The upcoming capital-hike strategy is expected to position Saigon-Hanoi Bank (SHB) among the Top 4 private banks in Vietnam by charter capital, helping the lender maintain its competitive advantage via robust capital strength.
Banking - Thu, November 27, 2025 | 4:33 pm GMT+7
Vietnam's consumer finance major F88 launches first public bond issuance with 10% annual coupon
F88, a leading consumer finance company in Vietnam, has received regulatory approval for its first public bond issuance, offering a fixed annual coupon of 10% - a level seen as attractive amid low bank deposit rates and softer corporate bond yields.
Companies - Thu, November 27, 2025 | 4:16 pm GMT+7
