s.korea's lg chem sets up joint venture with vietnam's vinfast - lithium ion battery cells
Seoul, April 7Reuters)-
South Korea's LG Chem said on Sunday it has established a joint venture with VinFast trade and production in Vietnam to produce lithium-
Electric scooters from Vietnamese car manufacturers and ion batteries from electric cars.
The two companies set up a joint venture plant in Haifeng, a port city in northern Vietnam, with the aim of producing lithium
South Korean battery maker VinFast said in a statement that the ion battery pack for VinFast's electric scooter is now being produced and that electric vehicles will be produced in the future.
The plan comes as VinFast, a subsidiary of Vietnam's largest conglomerate, Vingroup JSC, aims to become the country's first domestic carmaker and plans to produce 250,000 cars a year.
Vingroup has already specified $3.
Its overall car manufacturing project is 5 billion vehicles.
Part of the Union-
The risk plan includes the provision of quality products that meet international standards and the supply of lithium-
The statement added that it is used for ion batteries for power equipment and other products belonging to Vingroup.
A typical selection for running the hyperlink motor products are commonly a LiFePO4 battery bunch (Lithium-Iron-Phosphate).
E-bikes are becoming popular being an environmentally friendly and also wholesome means of almost sweat-free carry.
Lithium Iron Phosphate (LiFePO4) Batteries that are launched providing 96.
Maybe the most important part.
Acid batteries are developing new battery types to boost fuel growthEfficient, stop
Start technology
The car engine turns off when the vehicle is not moving, but when the driver steps down the throttle, the engine starts automatically.