Sunwoda Vietnam Co., Ltd., a key battery supplier for Apple, is looking to ramp up its investment in Vietnam by injecting an additional $22.5 million (over VND 580 billion) into a lithium-ion battery manufacturing project in Bac Giang Province.
According to the company’s recent environmental impact assessment submission, the investment would bring the project’s total capital to over $30.2 million, nearly quadrupling its original value since its launch.
Located in the Van Trung Industrial Park, Viet Yen Town, Bac Giang, the project spans more than 2 hectares. Its main objective is to produce and assemble lithium batteries for Bluetooth headsets, smartphones, tablets, laptops, and other electronic devices, with a new projected capacity of 15.5 million units per year—an increase of 6.5 million units annually.
In addition to battery production, the expanded project will also manufacture Battery Management Units (BMUs), with a capacity of 6.6 million units per year, and electric personal care devices—including breast pumps—with an annual output of 600,000 units.
The factory currently employs around 250 workers, with staffing expected to rise to 350 during full-scale operations. Construction to retrofit and expand the production facility is scheduled to take place between April and June 2025, with operations slated to begin in June 2025.
This expansion marks only a small part of Sunwoda Group’s broader investment ambitions in Vietnam. In July 2024, Sunwoda representatives met with Bac Giang authorities to discuss their long-term investment strategy in the region.
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Source: Vietnam Insider