South Korea's LG Chem said on Sunday that it has set up a joint venture wit...
FILE PHOTO: A woman works at an e-scooter assembly line of Vinfast Auto and Motorcycle factory in Hai Phong city, Vietnam November 3, 2018. REUTERS/Kham
SEOUL - South Korea’s LG Chem said on Sunday that it has set up a joint venture with Vietnam’s VinFast Trading and Production to produce lithium-ion batteries for the Vietnamese carmaker’s electric scooters and electric vehicles. The two companies established their joint venture factory in the Vietnamese northern port city of Hai Phong, with an aim to produce lithium-ion battery packs for VinFast’s electric scooters that are being made now and electric cars to be produced in the future, the South Korean battery maker said in a statement.
The plan comes as VinFast, a unit of Vietnam’s largest conglomerate Vingroup JSC, aims to become the country’s first domestic car manufacturer and targets to produce 250,000 cars per year. Vingroup has earmarked $3.5 billion for its overall car manufacturing project. Part of the joint-venture plans include providing premium products that meet international standards and supplying lithium-ion battery cells for electric devices and other products belonging to Vingroup, the statement added.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
South Korea March exports contract for fourth month, puts policymakers on noticeSouth Korea's exports contracted for a fourth month in March but at a slowe...
Lire la suite »
South Korea claims it launched 1st 5G wireless network in the world, beating VerizonSouth Korea’s major mobile operators abruptly launch the super fast fifth generation wireless technology services ahead of schedule—and claim the world's first 5G service by releasing it an hour before Verizon.
Lire la suite »
South Korea launches first national 5G networksSouth Korea has launched its first national 5G networks, reportedly two hours before US mobile carrier Verizon started the ultra-fast network nationwide.
Lire la suite »
Rovio spin-off brings 5G gaming to Samsung devices in South KoreaHatch Entertainment, a spin-off from Angry Birds game maker Rovio, has struck a ...
Lire la suite »
South Korea inflation slows to near three-year low, bolsters rate cut expectationsSouth Korea's headline inflation slowed to its weakest pace since July 2016...
Lire la suite »
South Korea first to roll out 5G services, beating U.S. and ChinaSouth Korea will become the first country to commercially launch fifth-generatio...
Lire la suite »
South Korea to launch world's first national 5G networksThe system will bring smartphones near-instantaneous connectivity – 20 times faster than the existing 4G – allowing users to download entire movies in less than a second.
Lire la suite »
South Korea to launch world's first national 5G networksSouth Korea launches the world’s first nationwide 5G mobile networks, a transformational leap that has superpowers sparring for control of an innovation that could potentially change the day-to-day lives of billions of people
Lire la suite »
South Korea rolls out 5G services on phones, in race with U.S. and ChinaVerizon offers 5G services on phones in two U.S. cities, beating out South Korea's launch of the technology via ReutersTV
Lire la suite »
5G Is Here, Starting With the Final Four and South KoreaVerizon inaugurated the 5G era for smartphones, with South Korea poised to roll out the much-hyped technology that promises greater speeds and capabilities for consumers.
Lire la suite »