Vietnam's Vingroup starts work on $174m battery plant for its VinFast EVs

Vietnam's Vingroup starts work on $174m battery plant for its VinFast EVs

FILE PHOTO: Workers at Vinfast's auto plant on the occasion of its opening ceremony in Hai Phong city, Vietnam June 14, 2019. REUTERS/Kham

Vietnam’s biggest conglomerate Vingroup said on Sunday it had started building a $174 million battery cell plant for its VinFast electric vehicles business so the company can own its battery supply chain.

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