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09 04 2019 01

VinFast has established a joint venture with LG Chem to produce battery packs for the Vietnamese start-up’s electric scooters and future electric cars. The two companies already signed a letter of intent in September 2018 to cooperate on EV batteries.

The production facility of the new joint venture is located in the northern port city of Hai Phong and covers an area of more than 12,000 square meters. While VinFast is responsible for the construction of warehouses and production lines, personnel and plant operation, the South Korean battery specialist will contribute its technical know-how as well as monitoring and training capacities.

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