LG Energy Solution said on the 19th that it signed a memorandum of understanding (MOU) with Honda of Japan and Hanoi, Vietnam, for cooperation on building public battery exchange stations (BSS) for electric two-wheelers.
They agreed to pursue broad cooperation to build the related industrial ecosystem, including building battery exchange stations for electric two-wheelers in central Hanoi, developing battery standardization and a safety management system, and jointly developing a business model for an electric two-wheeler platform.
To that end, starting in the third quarter of this year, they plan to build about 50 battery exchange stations in key areas of Hanoi and introduce a total of 500 electric two-wheelers to fully launch the pilot project.
LG Energy Solution's cylindrical 2170 battery will be used for the pilot project. In addition to supplying batteries, LG Energy Solution will handle establishing the safety management system, operating the exchange system, and supporting the operating solution. It will also promote the introduction of a battery life-cycle management and safety management framework.
Honda will be responsible for the battery pack (MPP), the exchanger, and electric two-wheelers, while Hanoi plans to provide licensing and policy support for overall business operations and cooperate on local operations.
An LG Energy Solution official said, "Vietnam is the most crucial country for the transition to electric two-wheelers in Southeast Asia," adding, "Based on differentiated technology that is safe and dramatically extends both operating time and lifespan in batteries for two-wheelers, we will continue to contribute to building Vietnam's eco-friendly transportation infrastructure."