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Selex Motors becomes the first Vietnamese partner Samsung SDI has selected to cooperate with in supplying battery cells while jointly developing markets in Vietnam and Southeast Asia.
Vietnamese electric motorbike manufacturer Selex Motors and Samsung SDI, a member of the Samsung Corporation specializing in manufacturing mobile phone batteries, signed a strategic partnership on February 23 to develop and supply electric vehicle (EV) batteries.
Under the agreement, Samsung SDI will become the strategic battery cell supplier for Selex Motors to produce electric motorcycle batteries for its smart electric motorcycle ecosystem. Selex Motors will also develop and supply battery packs using Samsung SDI cells to other partners in Vietnam and Southeast Asia. The two parties aim to establish a battery exchange network that Selex will pioneer as a shared piece of energy infrastructure in Vietnam and the region.
This collaboration once again demonstrates the technological capabilities and development potential of Selex Motors, a startup established in just 2018 but already held in high esteem by international partners. Last July, it was the only company in Vietnam to be visited by the US Secretary of the Treasury during her working trip to Vietnam. Selex Motors is also the name “chosen” by many large tech companies, such as Grab, Lazada, Gojek, and ShopeeFood.
At the signing of the agreement, Mr. Nguyen Huu Phuoc Nguyen, Co-Founder and CEO of Selex Motors, said collaborating with Samsung SDI to develop and supply electric motorcycle batteries in Vietnam and the region is a significant milestone, demonstrating the confidence of an international partner in Selex Motors and Vietnam’s EV market. “This is also an important step for the company in ensuring the highest safety and product quality,” he went on. “We hope that, in the future, together with Samsung SDI, we will provide the best EV battery products to the Vietnamese and Southeast Asian markets.”
Similarly, Mr. Lee Joon-Seo, Business Director at Samsung SDI in Southeast Asia, said it is delighted to have the opportunity to collaborate with Selex Motors. Though it is a startup, Selex Motors possesses great depth in technology and development potential. Its production lines, design and product quality all meet the requirements Samsung SDI has set in looking for partners. “We are particularly impressed with Selex Motors’ battery sharing solution, and look forward to jointly promoting its development in Vietnam and Southeast Asia,” he said.
Samsung SDI, headquartered in South Korea, is a world-leading battery and electronic material manufacturer redefining the worlds of electric vehicles, energy storage systems and IT devices. The company drives transformation and innovation to emerge as a ‘Creative Energy and Materials Solution Leader’ across the fields of e-mobility, energy solutions, as well as semiconductors and displays. The company commits to sourcing 100 per cent renewable electricity across its entire global operations by 2050. To collaborate with Selex Motors, Samsung SDI spent over a year evaluating the product design quality, technological capabilities, production lines, and development potential of this Vietnamese electric motorcycle brand.
In addition, Selex Motors aims to promote sustainable development through intelligent electric vehicles and renewable energy. Aspiring to become the "Hyundai of Vietnam," Selex Motors has chosen the challenging path of independently developing a smart electric motorcycle ecosystem from scratch. Currently, Selex Motors has mastered all the important electric vehicle technologies, including battery technology, with a total of 10 patents, and manufactures products in Vietnam with over 80 per cent domestic production components.
