VinFast has constantly been working with partners to address important issues facing the electric vehicle (EV) sector. Their emphasis on battery recycling addresses environmental issues, while their collaboration with BESS seeks to mitigate possible grid stress — both essential elements for promoting widespread EV adoption.
Even though the EV market is expanding quickly, uncertainties remain regarding its actual environmental impact. There are questions concerning the source of the energy used to charge EVs because the majority of the world’s electricity systems still primarily rely on fossil fuels like coal and oil.
The partnership between VinFast and Marubeni signifies a proactive approach to addressing these concerns. By prioritising battery recycling and integrating renewable energy storage solutions, they aim to ensure a truly sustainable future for electric vehicles.
Under the recent MoU, VinFast will supply used EV batteries, and Marubeni is expected to leverage exclusive technology from its strategic partner to recycle VinFast’s electric vehicle batteries, repurposing them into affordable and easily manufacturable BESS without the need for disassembly, processing and repackaging of the batteries.
“We are delighted to collaborate with Marubeni to jointly research and implement clean energy and innovative energy storage solutions”, Pham Nhat Quan Anh, Deputy CEO of VinFast Manufacturing Division said, emphasizing that this signing marks a significant step in VinFast’s strategy to establish a circular economy model.
BESS The MoU reflects VinFast’s ambitious goal of achieving net-zero emissions (including Scope 3 emissions) by 2040. This target aligns with their core principle: transitioning from a linear production model to a circular economy.
This circular approach minimises waste and resource consumption throughout the EV lifecycle. VinFast prioritises sourcing materials and products from environmentally responsible suppliers. For example, their electric vehicle batteries, boasting up to 95% recyclability, come from leading battery companies with strong sustainability practices. VinFast’s innovative battery subscription model ensures responsible battery management.
When a battery’s capacity dips below 70%, they replace it and repurpose the old battery for energy storage. Furthermore, their global partnership with Li-Cycle, a well-established Canadian recycling company, guarantees proper battery recycling. VinFast’s dedication to battery recyclability and lifespan extension goes even further, with ongoing research efforts to optimise
these crucial aspects.