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A consortium proposes to invest in an 850 million USD battery storage factory in Ho Chi Minh City.

A consortium of five domestic and foreign enterprises has proposed investing in an electricity storage battery factory in Ho Chi Minh City's high-tech park with an investment capital of 850 million USD.

Báo Đầu tưBáo Đầu tư29/12/2024

Dai Dung Construction and Trading Mechanical Joint Stock Company, representing a consortium of investors, has just sent a document to the Ho Chi Minh City People's Committee proposing to invest in a factory producing electricity storage batteries in the City's High-Tech Park.

In the document, Dai Dung Construction and Trading Mechanical Joint Stock Company said that the DCH Joint Venture includes: Dai Dung Construction and Trading Mechanical Joint Stock Company - Construction Corporation No. 1 - Hoa Phat Group and international partner China Construction Engineering Department No. 8 Co., Ltd. (CCEED) cooperating with Smart Tech Group Vietnam Company (STG VN), under Smart Tech Group Inc in the United States to research and invest in the project of a factory to produce electricity storage batteries.

Ho Chi Minh City High-Tech Park is receiving attention from many investors - Photo: Le Quan

After research, the Joint Venture proposed to invest in a project to produce electricity storage batteries for industrial and civil use with an expected design capacity of 5 GWH in phase 1 and the ability to increase capacity in subsequent phases.

In addition, the factory also provides and transfers industrial software solutions, researches and develops batteries, robots, urban train engineering...

The proposed investment location is Ho Chi Minh City High-Tech Park with a land use requirement of about 12-15 hectares for building factories, office buildings, warehouses and research centers.

The total investment capital of the project is about 850 million USD, the implementation time is expected to start in 2026 and be completed in 2028.

Regarding implementation progress, this consortium said it has completed preparing documents according to the instructions of Ho Chi Minh City High-Tech Park and completed financial commitments.

In the document sent to the Ho Chi Minh City People's Committee, this consortium wishes to work with the Chairman of the City People's Committee to present details of the project and discuss support directions from the City.

"We believe that with the combination of experience and capacity of the consortium and the support of international and domestic partners, the project will be successfully implemented, contributing to promoting the socio -economic development of Ho Chi Minh City and the whole country," the document of Dai Dung Construction and Trading Mechanical Joint Stock Company stated.

Source: https://baodautu.vn/mot-lien-danh-de-xuat-dau-tu-nha-may-san-xuat-pin-luu-tru-dien-850-trieu-usd-tai-tphcm-d344617.html


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