Hai Phong: Exquisite Power Vietnam Co., Ltd. inaugurated its Lithium-Ion and Ni-MH battery production facility in Nam Dinh Vu Industrial Park, the northern port city of Hai Phong. The factory, with a total investment of 20 million USD, spans 13,650 square meters and aims to cater to the increasing global and domestic demand for advanced batteries.
According to Vietnam News Agency, the new facility is expected to play a significant role in meeting the needs of various sectors that rely on advanced battery technology. The plant’s establishment is part of the company’s strategy to expand its footprint in the burgeoning energy storage market.
The strategic location in Hai Phong allows Exquisite Power Vietnam Co., Ltd. to efficiently supply its products to both local and international markets. The company has highlighted its commitment to contributing to the region’s economic development by providing employment opportunities and fostering technological advancements in the battery production sector.