VinFast became the country's first fully fledged domestic car manufacturer when its gasoline-powered models built under its own badge hit the streets in 2019.
The battery plant, Vietnam's first EV battery project is located in central province of Ha Tinh, on a 8-hectare plot. "This is in the focus of VinFast's localisation strategy of supply," said Thai Thi Thanh Hai, vice chair of Vingroup and vice-chair of the board of VinFast.The company said it is looking to produce 100,000 battery packs per year in a first phase and then upgrade its capacity to one million.
Soon they will surpass proton like Hyundai and KIA
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