Construction of VinES battery manufacturing factory, expected to cost VND4 trillion (US$173.68 million), began in the north-central province of Ha Tinh’s Vung Ang Economic Zone with the presence of State President Nguyen Xuan Phuc on Sunday.

The People’s Committee of Ha Tinh Province and Vietnamese multi-sector conglomerate Vingroup held a groundbreaking ceremony for the project, which will be developed on eight hectares in its initial phase.

VinES battery manufacturing factory will provide Lithium batteries for electric cars and buses manufactured by Vingroup’s car-making division, VinFast. 

The entire infrastructure of the factory, including a casting shop, a welding shop, and a packaging shop, is designed to produce 100,000 battery packs per year. 

The second phase of the factory will expand production to include battery cell manufacturing and upgrade capacity to one million battery packs per year.

An aerial view of VinES battery manufacturing factory in Ha Tinh Province, Vietnam, December 12, 2021. Photo: Le Minh / Tuoi Tre

The very first car battery plant in Vietnam, the advanced factory will be equipped with European and American-standard technologies that boast a workflow automation rate of 80 percent. 

Vingroup is also working with strategic partners, including the world’s leading companies in pioneering technologies, for the production of electric vehicle batteries.

At the groundbreaking ceremony, State President Nguyen Xuan Phuc hailed Vingroup’s operational strategy adjustment that has shifted from the field of real estate investment and trading to hi-tech and services industries. 

The timely adjustment also demonstrated the conglomerate’s significant participation in the process of restructuring and modernizing Vietnam’s economy. 

Vietnamese State President Nguyen Xuan Phuc speaks at the groundbreaking ceremony for the construction of VinES battery manufacturing factory in Ha Tinh Province, Vietnam, December 12, 2021. Photo: Le Minh / Tuoi Tre

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