SK IE Technology Company (SKIET) said it had signed an agreement to supply battery materials for electric vehicles (EV) to Vietnamese automaker VinFast, according to local reports.
Under the agreement, SKIET, part of South Korean energy, chemical and telecom conglomerate SK Group, will supply battery separators to Vin Energy Solution (VinES), a company founded by VinGroup last year to conduct R&D and manufacture batteries. for mobility and energy storage. applications.
The agreement was signed in late July during a visit to SKIET’s headquarters and separator materials plant in South Korea by VinES executives, including President Pham Thuy Linh.
VinFast started limited production of electric vehicles at its factory near the capital Hanoi last December, but aims to become a global player in the market. It is investing $2 billion to build a plant in North Carolina with a production capacity of 150,000 electric vehicles per year by 2024.
SK Group has strengthened its presence in Vietnam in recent years, aided by the establishment of a regional investment subsidiary in the country in 2018.
In 2019, it acquired a 6.1% stake in VinGroup, Vietnam’s largest privately owned conglomerate, to explore various business opportunities in the country.