VIETNAM’S most successful electric vehicle manufacturer revealed its battery strategy revealing a new power source that can charge to 80 percent in 5 minutes. The 100 percent solid-state battery with no fire risk is expected to be of higher capacity than current lithium-ion batteries.
This new technology was shared by Vingroup’s Vice Chairwoman Thuy Le as she talked about the car maker’s big plan for electrification. She mentioned how technologies of the future are about to be featured on VinFast’s EV models. Aiming to get ahead and gain competitive advantage in the global EV market, VinFast has been proactively seeking for and partnering with top prestigious firms in battery making – a key to the future of electric cars.
Le revealed that VinFast is joining hands with a number of leading companies in battery research and manufacture from the US, Israel, Taiwan, etc. to ensure that its EV models will be equipped with cutting-edge batteries.
Specifically, VinFast is collaborating with Israeli StoreDot, a company well-known for its extreme fast charging technology that allows battery to charge to 80% of capacity in only 4-5 minutes. According to StoreDot, this technology used to be seen as impossible but it has been proven to work effectively on cellphones, drones and e-scooters. Instead of graphite, StoreDot uses nanoparticles in their batteries, which allows much faster charging speed compared with current technologies.
StoreDot is said to be a pioneer in the world’s new energy sector. This means that VinFast may become one of the few electric car firms with advanced battery technology.
Notably, Le also mentioned the strategic partnership between VinFast and Taiwanese ProLogium (PLG) that has been carrying out research and production of all solid-state battery. ProLogium became the world’s first company with all solid-state battery experimentation facility for cars in 2017.
With advantages of rare potential for fire or explosion, operating temperatures as low as minus 20 degree Celsius, expected higher energy density compared with lithium-ion battery and fast charging capacity, all solid-state battery is considered the technology of the future, a catalyst for the EV revolution.
Another remarkable name is Gotion High-Tech – a major company in battery development and manufacture in China. It is well-known for LFP battery technology. Gotion has just signed an MoU with VinFast and both sides are progressively discussing detailed collaboration plans. LFP battery can be produced with low costs, suitable for mid-range electric cars and potential for universalizing green transportation in the world.
Vingroup also disclosed that it is carrying out R&D activities on its own in addition to seeking external resources. Research institutes manned with world leading experts under Vingroup’s business ecosystem together with its new subsidiary—VinES Energy Solutions JSC—play an essential role in this task.
