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Vingroup begins construction of its USD174 million EV battery plant in Vietnam

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The upcoming battery plant will have a capacity to produce 100,000 battery packs per year; lithium batteries to power VinFast’s electric cars and buses

Vingroup, a leading conglomerate from Vietnam and also the parent company of carmaker VinFast, has officially started the construction of its EV battery manufacturing plant in the Vung Ang Economic Zone located in the Ha Tinh province, Vietnam, it said on 12 December 2021.

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