Battery production equipment maker TSI has won a 1.1 billion won deal with VinFast to supply mixing equipment.
The company said on Wednesday that the deal is turn-key and will last until July 16, 2022.
VinFast is an automobile maker under Vingroup. Vietnam’s largest conglomerate.
It is working to manufacture and sell its own electric vehicle since last year.
It is planning to build its own 3GWh per year battery factory at Haiphong. It will manufacture NCM cylinder batteries.
TSI has also recently won a deal to supply its equipment to Automotive Cell Company, a joint venture run by Stellantis.