VinFast (VFS) and Marubeni (MARUY) officially announced a Memorandum of Understanding, MOU, to explore opportunities in the secondary use of electric vehicle batteries and the potential to establish a circular economy model. Under the MOU , VinFast and Marubeni will collaborate on researching and manufacturing Battery Energy Storage Systems using recycled electric vehicle batteries, with VinFast supplying used electric vehicle batteries and Marubeni conducting feasibility assessments, technical consulting, and BESS deployment. Both companies will also work closely together to promote business opportunities in the field of recycled electric vehicle batteries, with the aim to establish a circular economic model.
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