Vietnamese electric vehicle manufacturer VinFast and Marubeni, a Japanese trading and investment conglomerate, announced a memorandum of understanding to explore opportunities in the reuse of electric vehicle batteries, with the aim of establishing a circular economy model.
Reuse without pack disassembly
The companies will cooperate in the research and production of battery energy storage systems using batteries previously used in electric vehicles. VinFast will supply the batteries, while Marubeni will conduct feasibility studies, provide technical advice, and carry out the deployment of the stationary energy storage systems. The aim is to recycle the batteries from VinFast’s electric vehicles as complete battery packs. The companies hope that this will result in cost-effective and easy-to-produce BESS, as it will eliminate the need to dismantle, reprocess and repackage the battery.