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Vietnam's Vingroup builds battery plant with China's Gotion

Company looks to create supply chain of low-cost cells for VinFast EVs

Vingroup breaks ground at a new EV battery factory in central Vietnam. (Photo courtesy of Vingroup)

HANOI -- Vingroup has broken ground on a new battery factory, as Vietnam's largest private-sector conglomerate looks to build a supply chain at home for its own electric vehicles.

The factory, located in the central Vietnam province of Ha Tinh, is a joint venture between Vingroup subsidiary VinES Energy Solutions and Chinese battery producer Gotion High-Tech.

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