Vietnam's first LFP battery factory starts operation

Vietnam's first lithium iron phosphate battery factory started construction in the Ha Tinh Economic Development Zone on November 18, a collaboration between Gotion High-tech and VinGroup. The first phase of the project has an annual production capacity of 5GWh and is expected to be put into production at the end of 2023. The factory will meet the battery needs of VinFast's new energy vehicles and improve localization and production efficiency.