VinFast Partners with BatX Energies to Build Circular Battery Ecosystem in India

VinFast Auto India, the Indian subsidiary of Vietnam-based electric vehicle manufacturer VinFast, has entered into a strategic partnership with BatX Energies. The collaboration aims to support VinFast’s vision of driving sustainable electric mobility by developing a circular battery value chain in India.

Under the partnership, BatX Energies will handle the recycling, recovery, and repurposing of high-voltage (HV) batteries used in VinFast India’s manufacturing and after-sales operations. The process will allow for the efficient extraction of critical materials such as nickel, lithium, and cobalt, helping reduce mining dependence and lowering the environmental footprint.

The collaboration is designed to offer localized solutions that align with India’s rapidly evolving EV sector. By focusing on the entire battery lifecycle—from use to recycling and repurposing—VinFast and BatX aim to build a scalable and sustainable battery value chain that reduces waste and promotes long-term environmental benefits.

Beyond its technical scope, the agreement reflects a shared commitment to fast-tracking India’s shift to clean energy. The two companies also aim to explore future avenues in strategic material recovery, urban mining, and second-life battery applications. BatX will additionally provide traceability throughout the recycling process, ensuring responsible sourcing and regulatory compliance across the supply chain.

Pham Sanh Chau, CEO of VinFast Asia, said the tie-up represents a “meaningful step” toward creating a circular battery ecosystem in India. He emphasized that VinFast’s sustainability focus extends beyond vehicle production to include responsible material use and environmental accountability throughout the battery lifecycle.

Echoing the sentiment, BatX Energies CEO Utkarsh Singh said the partnership strengthens a joint belief in responsible innovation and circularity. He noted that enabling end-of-life solutions for EV batteries will lay the foundation for infrastructure that can support the growing needs of the electric mobility sector.

The agreement comes as part of VinFast India’s broader efforts to strengthen the country’s electric mobility ecosystem. The company has already tied up with RoadGrid to enhance charging infrastructure, teamed up with myTVS for after-sales service, and partnered with Global Assure for roadside assistance. It also aims to ramp up annual production to 150,000 EVs to meet domestic demand and support exports to regions like the Middle East and Africa.

VinFast is gearing up to launch its first two electric SUVs in India—the VF 6 and VF 7—before the upcoming festive season. To support this rollout, the company is accelerating work at its upcoming $500 million manufacturing plant in Thoothukudi, Tamil Nadu, which is slated for completion by mid-2025. 

Meanwhile, BatX Energies is actively expanding its operations following a $5 million pre-Series A round led by Zephyr Peacock in late 2023. The startup is now targeting a $20 million Series A raise within six months to grow its critical mineral extraction capabilities and set up a larger facility. BatX reported $4.5 million in revenue for FY25 and expects to nearly triple that to $10–12 million in FY26, driven by rising demand for battery recycling and resource recovery in India’s growing EV ecosystem.

Image credits: BatX Energies