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VinFast partners with Israel's StoreDot for fast charging technology

By Thanh Nhan   August 23, 2021 | 06:56 pm PT
VinFast partners with Israel's StoreDot for fast charging technology
An artist's impression of an electric SUV manufactured by VinFast. Photo courtesy of VinFast
Automaker VinFast has tied up with Israeli company StoreDot, eyeing a technology that can charge car batteries to 80 percent in five minutes.

It is also in talks with Taiwanese partner Prologium for producing solid-state batteries, which are said to have higher energy density than the popular lithium-ion batteries and lower risk of explosion or fire, a company spokesperson said recently.

Solid-state batteries, however, currently cost more than lithium-ion batteries.

VinFast has not provided details about its discussions with the two companies, but Monday reiterated a vision to become a global electric vehicle brand by announcing a partnership with China’s Gotion High-Tech for producing lithium iron phosphate (LFP) batteries.

LFP is iron-based and not dependent on scarce raw materials like cobalt and nickel. Thus, while less energy-dense than nickel-based chemistries, LFP batteries are much cheaper.

VinFast is set to deliver its first electric cars by the end of this year.

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