vietexplorer0014

The merger between VinFast and VinES is aimed at enhancing VinFast’s self-sufficiency in battery technology and its production chain, as well as increasing its competitive edge in the growing electric vehicle market. Following the donation, VinES will be merged into VinFast to enhance its self-efficiency in battery technology and leverage resources for battery research and development. VinES is a member company of Vingroup with a legal capital of VND 6,500 billion ($270 million). It specializes in manufacturing advanced lithium-ion batteries for mobility and energy storage applications and works with leading global battery technology partners to become a comprehensive energy solution provider. As part of the merger, VinFast will acquire all of VinES’ intellectual property, including battery cells, battery packs, manufacturing facilities, technology, partnerships, and supplier contracts. This acquisition will help complete VinFast’s fully integrated production chain and give them...