Aug 27, 2021 03:00 PM (GMT+8) · EqualOcean
Nikkei Chinese news on August 27, vinfast, a subsidiary of vingroup, Vietnam's largest comprehensive enterprise, and GuoXuan high tech, a large vehicle battery manufacturer in China, have reached cooperation on the research, development and production of pure electric vehicle (EV) lithium batteries. The two companies are also considering building battery factories in Vietnam. Vingroup plans to start selling electric vehicles in Vietnam within this year and plans to produce batteries for its own products. The cooperation between the two sides is to develop lithium iron phosphate (LFP) batteries that do not use expensive materials such as cobalt.