Cylindrical lithium battery production plant in Ho Chi Minh Vietnam

Where in Vietnam is a battery factory located?

In Vietnam, Vingroup’s VinES Energy Solutions and China-based global battery maker Gotion High-Tech started construction of their $275-million battery factory in the central province of Ha Tinh’s Vung Ang Economic Zone last November.

Is Vietnam a good place to manufacture lithium-ion batteries?

Vietnam has emerged as a vibrant hub for battery manufacturing, particularly in the realm of lithium-ion batteries. With a focus on sustainable energy solutions and a favorable business environment, the country has attracted numerous manufacturers, establishing itself as a key player in the global battery market.

What makes Leoch a leading battery manufacturer in Vietnam?

In Vietnam, Leoch established two significant factories in 2019, with an impressive annual production capacity of 36,000 tons for network power and 48,000 tons for car batteries. This makes it one of the major players in the battery manufacturing industry not only in Vietnam but globally.

Which city is best for battery manufacturing in Vietnam?

Ho Chi Minh City, commonly known as Saigon, stands out as a prominent center for battery manufacturing in Vietnam. Its vibrant industrial landscape and well-established infrastructure make it an ideal location for companies seeking to establish or expand their operations.

Is Vietnam catching up with global demand for advanced batteries?

Battery manufacturing either in Vietnam or outside by Vietnamese firms signals that the country is seeking to catch up with the strong global demand for advanced batteries like those reliant on lithium. A Gotion High-Tech battery product. Photo courtesy of the firm.

Who makes Li-cycle batteries?

“We all share a vision to advance a sustainable, efficient and closed-loop battery supply chain,” said Ajay Kochhar, co-founder and CEO of Li-Cycle. Korean electronics giants Samsung and LG also conduct lithium battery manufacturing in Vietnam.