Vietnam automaker VinFast to merge with battery maker VinES at zero cost

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 - Thu, October 12, 2023 | 9:58 am

EcoGraf, VinES establish Australia-Vietnam cooperation in battery production

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, October 9, 2023 | 6:44 pm

VinES factory produces first batteries for VinFast EVs

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 - Sat, September 16, 2023 | 4:06 pm

Vast French vineyard in HCMC attracts hundreds of thousands of visitors

Vast French vineyard in HCMC attracts hundreds of thousands of visitors

Suoi Tien Cultural Park's 5-hectare farm, which features French vines, massive watermelons, and numerous friendly animals, attracted 600,000 visitors in June-July.

Travel - Mon, September 4, 2023 | 10:48 am

Vietnam’s VinES set to bring BESS solutions to Australia via new partner Magellan

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, July 10, 2023 | 5:52 pm

Vingroup pushes ‘Make in Vietnam’ rooftop solar, battery storage systems

Vingroup pushes ‘Make in Vietnam’ rooftop solar, battery storage systems

VinES Energy Solutions JSC and Bach Khoa Investment & Development have struck a strategic partnership agreement to promote “Make In Vietnam” integrated rooftop solar and battery energy storage systems (BESS).

Companies - Sat, July 1, 2023 | 11:39 pm

Consortium to invest $3.6 bln in Cam Ranh Bay urban area

Consortium to invest $3.6 bln in Cam Ranh Bay urban area

A consortium led by Cam Ranh Investment JSC, Vinhomes, and VinES Energy Solutions has been named the only investor that meets the preliminary requirements regarding capacity and experience to implement a mega urban area project by Cam Ranh Bay in the south-central province of Khanh Hoa.

Real Estate - Fri, June 30, 2023 | 11:25 am

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 - Thu, June 8, 2023 | 3:52 pm

Vietnamese, Thai firms lay plans for lithium factory

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 - Sat, May 20, 2023 | 10:42 pm

VinFast, Mercedes-backed ProLogium eyes funds at $2 bln value

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 - Wed, May 10, 2023 | 5:31 pm

Vietnam joins Asia to supply round-the-clock renewable energy

Vietnam joins Asia to supply round-the-clock renewable energy

Vietnam has joined Asia’s plans to increase the development of battery energy storage systems (BESS) to ensure supplies of round-the-clock renewable energy towards carbon neutrality.

Energy - Tue, May 9, 2023 | 12:38 pm

Vietnamese, Israeli firms team up to develop fast charging batteries

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 - Sat, April 22, 2023 | 4:14 pm

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 - Tue, April 18, 2023 | 4:39 pm

VinES, Li-Cycle strike long-term battery recycling deal

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 - Wed, April 12, 2023 | 9:05 pm