Under a newly signed cooperation agreement, Kreisel and VinFast will jointly develop a battery pack that VinFast will market in its electric cars and buses in 2020.

The pack will be manufactured at the VinFast factory in Vietnam.

Reasons that led to the decision for Kreisel were high quality, light weight, high safety and durability criteria.

Thanks to the cooperation with Kreisel, VinFast can speed up its production of electric cars and buses, allowing it to market its electric vehicles based on the technology in 2020.

As a pioneer in the field of batteries and energy solutions for electric vehicles, Kreisel Electric is currently one of the most renowned companies in the new energy industry, according to VinFast.

Its products stand out for compactness, good heat dissipation, high safety, fast charging and long battery life while being manufactured at low cost.

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"We believe that Kreisel Electric provides trend-setting solutions for VinFast's electric cars and will contribute in convincing consumers with quality and safety," said Le Thi Thu Thuy – vice president of Vingroup and chairwoman of VinFast.