Vietnam Power Storage Vehicle Equipment Company

Why is Vietnam developing a battery industry?

In recent years, Vietnam has witnessed significant developments in its battery manufacturing technology. Driven by the growing demand for energy storage solutions, the expansion of the electric vehicle market, and the government's push towards renewable energy, the country's battery industry is evolving rapidly.

What is the current state of battery manufacturing in Vietnam?

Current State of Battery Manufacturing in Vietnam Vietnam's battery market is currently dominated by lead-acid batteries, which account for more than 60% of the market share in automotive applications.

Who is the leading lithium battery supplier in Vietnam?

Company Profile: According to Volza's lithium battery export data of Vietnam, Samsung Electronics Vietnam Co., Ltd. is the leading lithium battery supplier in Vietnam, accounting for 56% of the total with 15,696 shipments. It is a subsidiary of the globally renowned Samsung Group and has established a large-scale production base in Vietnam.

Is T&T launching a joint-venture battery storage project in Vietnam?

Notably, T&T Group, a major renewable investor with a portfolio of over 2,800MW across wind, solar, and LNG-to-power projects in Vietnam, recently announced a plan to launch joint-venture battery storage products in 2026, aiming to build Vietnam into a manufacturing and technology hub for renewable energy equipment. 5