Vietnamese automaker VinFast has signed a memorandum of understanding (MOU) with China’s CATL to expand collaboration in several areas relating to e-mobility, including CIIC (CATL integrated intelligent chassis) skateboard chassis products.
The CIIC architecture integrates battery packs, electric motors and other core units into a single layer at the bottom of the vehicle. This approach is said to lower purchasing costs, vehicle weight and energy consumption, while also maximising cabin space.
The new agreement builds on the existing cooperation on battery supply with cell-to-pack (CTP) technology between both companies, which will help VinFast in its mission to push out more electric vehicles (EVs) to market.
Moving forward, VinFast said it will deepen its collaboration with CATL to further promote battery innovation and support its e-mobility transition. The Vietnamese company previously said it wants to go fully electric by the end of this year and has set a goal to sell one million EVs globally in the five to six years.
“VinFast connects global intelligence to promote research and production of smart electric vehicles. Collaboration with CATL – a global leader of new energy innovative technologies – is the next development milestone of VinFast in applying advanced technology to enhance driving range and experience while offering competitive pricing, making smart electric vehicles more efficient and accessible to everyone,” said Le Thi Thu Thuy, Vingroup vice chairwoman and VinFast global CEO.
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Amazing. VinFast is so young, so much younger than Proton and yet, they’re successful worldwide, going into new markets.
I wish our Prooton was like that last time. but they even said no to collaboration with VW. UK market also they lose so fast
A company losing billions and yet only a selected few uber rich Viets could afford to buy them. Only a communist govt syphoning off taxpayer money to prop up this failed business could survive such crazy business strategy.