Report Store Details

Vietnam Battery Market Competition

The Vietnam battery market is experiencing heightened competition, fueled by substantial investments from prominent Chinese battery manufacturers and strategic collaborations with domestic players. For instance, Sunwoda, a leading Chinese lithium-ion battery producer and supplier to Apple, is expanding its manufacturing facilities in Bac Giang province. Furthermore, VinFast, Vietnam’s foremost electric vehicle (EV) manufacturer, has established significant partnerships, including an alliance with Guoxuan Hi-Tech to develop the nation’s inaugural lithium iron phosphate (LFP) battery manufacturing plant.

Scope of the report on Vietnam Battery Market Competition, M&A, and Company Profiles

Makreo Research has released an in-depth study titled "Vietnam Battery Market Competition Assessment Report 2025- Market Share, Positioning, M&A and Company Profiles". This comprehensive Vietnam battery market report offers a deep evaluation of the key players shaping competition and driving growth within the Vietnam battery industry. The study aims to deliver strategic and actionable insights for battery manufacturers, investors, policymakers, and other stakeholders navigating this dynamic and expanding market landscape.

Vietnam Battery Manufacturers – Key Company Profiles

The study highlights several prominent battery manufacturers and technology providers operating within the Vietnam battery market. Key players profiled include:

• Samsung SDI Vietnam Co., Ltd.

• Dry Cell and Storage Battery JSC (PINACO

• Tia Sang Battery Joint Stock Company

• Heng Li (Vietnam) Battery Technology Co., Ltd.

• Leoch Super Power (Vietnam) Co., Ltd., among others.

Analysis Framework and Segmentation

The report evaluates the competitive positioning of each company through multiple dimensions, such as

• Production capacities

• Revenue performance and battery export volumes

• Technology capabilities and R\&D focus

• Manufacturing footprints and facility expansions

In addition, the report examines product segmentation within the Vietnam lithium-ion battery market, Vietnam lead-acid battery market, and other battery chemistries. It further analyzes each company’s strategic focus across major end-use sectors such as:

• Automotive

• Consumer electronics

• Industrial backup

• Energy Storage Systems (ESS)

Vietnam Battery Market Strategic Developments and Investments

The study underscores key strategic developments influencing the transformation of the Vietnam battery market, including:

• Mergers and acquisitions within the Vietnam battery industry

• Capital investments and battery manufacturing facility upgrades

• Strategic partnerships and technology transfer initiatives

• Government-led programs aimed at boosting local battery manufacturing and supporting Vietnam’s energy transition objectives

Competitive Landscape and Investment Outlook

This report provides essential intelligence on the Vietnam battery manufacturing ecosystem, offering stakeholders a comprehensive understanding of the market’s competitive dynamics, emerging innovation trends, regulatory developments, and investment opportunities. It serves as a valuable resource for informed strategic decision-making within Vietnam’s rapidly expanding energy storage and electric mobility sectors.

Key Players in Vietnam Battery Market and Strategic Industry Shifts

Major players such as PINACO, Leoch Battery Corporation, and Heng Li (Vietnam) Battery Technology Co., Ltd. continue to lead the Vietnam battery manufacturing landscape. Global battery manufacturers like Samsung and LG Chem Vietnam Co., Ltd. have made substantial capital investments, establishing new Vietnam battery manufacturing facilities in provinces such as Bac Giang and Thai Nguyen.

VinFast Battery Vietnam has strengthened its market position through the merger with VinES and strategic collaborations with global entities like Marubeni and Taiwan’s ProLogium, signaling a focused transition toward energy storage systems and the Vietnam solid state battery market.

Simultaneously, companies like Donachem and Selex Motors are expanding their Vietnam lead-acid battery market share and investing in battery-swapping infrastructure to support rising demand from industrial and e-mobility applications.

Nevertheless, the Vietnam battery industry faces persistent challenges, particularly regarding a shortage of skilled workforce and limited Vietnamese battery raw material supply, which could impact the long-term localization and self-sufficiency of the sector.

Vietnam Battery Market - Key Players and 2024 Production Capacities

PINACO (Southern Battery Joint Stock Company)

• Annual production capacity: ~3 million units

• Focus: Lead-acid batteries for automotive and industrial applications

Leoch Battery (Vietnam) – Chinese-backed

• Capacity: >4 million units annually

• Target segments: Telecom, UPS, backup power solutions

Vision Group (Vietnam)

• Output: Part of a joint SLA/VRLA battery production exceeding 5 million units (with Heng Li)

• Focus: Export and domestic demand for sealed lead-acid batteries

Heng Li Battery Technology Co., Ltd (Vietnam)

• Joint contribution with Vision to SLA/VRLA segment

• Combined capacity (with Vision): >5 million batteries per year

VinFast (Post-merger with VinES, 2023)

• Lithium-ion cell capacity supports: ~100,000 EVs annually

• Focus: EV battery packs, energy storage systems (ESS)

Vietnam Lithium-ion Battery Market Outlook and Competitive Landscape

Vietnam’s lithium-ion battery market is on a strong growth trajectory, propelled by increasing demand from electric vehicles (EVs), consumer electronics, and energy storage systems (ESS). The Vietnam lithium-ion battery market is witnessing heightened competition as both domestic and international battery manufacturers expand their operations.

Notable developments include VinFast’s vertical integration with VinES, aimed at establishing in-house lithium-ion cell manufacturing capabilities. Similarly, Sunwoda Battery Vietnam has made significant investments in Bac Giang to supply global consumer electronics brands. In a move toward advanced technologies, VinFast has also partnered with ProLogium to co-develop solid-state battery solutions, further strengthening its position in the Vietnam solid state battery market.

Looking ahead, the market is expected to benefit from increased foreign direct investment (FDI), bolstered by Vietnamese government incentives promoting green energy manufacturing and Vietnam battery supply chain localization. Nonetheless, challenges persist, particularly in ensuring access to Vietnamese battery raw material supply, developing a skilled workforce, and cultivating a reliable domestic supplier base. Despite these barriers, Vietnam is strategically positioned to emerge as a key player in the regional lithium-ion battery supply chain by 2030, supporting the broader goals of the Vietnam EV battery market and the global energy transition.

There are 10 players covered in this report, to know more please reach out to sales@makreo.com