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
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
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
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - 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
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
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 - 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
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
Turkey’s Altinay partners Vietnam’s VinES on energy storage mission
Vietnamese energy solution firm VinES has embarked on a partnership with Turkish company Altınay Elektromobilite to provide comprehensive energy storage solutions in the Turkish market.
Energy - 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
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
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CIMB Bank Vietnam posts $3.4 mln loss in 2023
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With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
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$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
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Berjaya Vietnam CEO and his business portfolio
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Vietnam-China joint venture to build $800 mln automobile factory