VinFast: Cooperation with Foxconn on batteries and other components?

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Vietnamese group confirms "early stage" talks

VinFast: Cooperation with Foxconn on batteries and other components?-batteries

The Vietnamese car manufacturer Vinfast, which belongs to the Vingroup group, is holding talks with the Taiwanese electronics supplier Foxconn through a collaboration on batteries and other electric car components. The Reuters news agency reported, citing a message from Vingroup.

According to Vingroup, the talks are still at an early stage. Foxconn apparently wants to buy electric car production lines from Vinfast. Vinfast would like to keep its production, however, according to Reuters, citing Insider. Nothing specific yet, says Vingroup. However, the partnership should "focus on the development of batteries and electric car parts," said a company spokesman.

More about Foxconn: VinFast: Cooperation with Foxconn on batteries and other components?-vinfast Foxconn builds the Byton M-Byte – possibly based on the MIH platform

VinFast: Cooperation with Foxconn on batteries and other components?-batteries Codenamed Pear: Second Fisker Model Costs Under $ 30,000 (Update)

Foxconn, one of the world’s largest manufacturers of electronic parts, produces for Apple, Intel, Nintendo and others. The company may also want to build the Faraday Future FF91, also the Byton M-Byte and the second Fisker model with the code name Pear. In addition, Foxconn and Fiat Chrysler Automobiles want to cooperate, as the Handelsblatt reported in 2020. There is also a cooperation with Geely for contract manufacturing of electric cars for other manufacturers.

Foxconn and California car company Fisker have entered into an agreement that could lead to cars being built in Mount Pleasant. https://t.co/g9kvYlzKLW

– JSOnline – Business (@js_biz) February 24, 2021

According to Foxconn boss Liu Young-way, the company may want to manufacture electric cars at its planned US plant in Mount Pleasant, Wisconsin. This could be the aforementioned second Fisker model. The Wisconsin factory was announced by Foxconn as a huge $ 10 billion project in 2017, but has not come very far so far. Apparently Foxconn founded the plant mainly to receive subsidies from the state, as The Verge reported.

Vinfast was founded in 2017. Just a year later, an SUV and a sedan were presented. The design came from Pininfarina, while the technology is based on old versions of the BMW 5 Series and X5. At the end of January 2021, the brand then presented three electric SUVs named VF31, VF32 and VF33, which should also come onto the market in Europe and the USA. Our cover picture shows the VF31.

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