LG Energy Solution and Honda Join Hands to Expand Hanoi's Electric Two-Wheeler Market

MOU Signed to Expand Electric Two-Wheelers and Build Battery Swap Infrastructure in Hanoi
Demonstration Project to Launch with About 50 Stations and 500 Electric Two-Wheelers

LG Energy Solution, Honda of Japan, and the city of Hanoi in Vietnam have joined forces to expand the electric motorcycle market.

On May 19, LG Energy Solution announced that it had signed a memorandum of understanding (MOU) with Honda and Hanoi City for cooperation in establishing public battery swapping stations (BSS) for electric two-wheelers.

On the 19th, LG Energy Solution, Honda, and Hanoi City signed a memorandum of understanding (MOU) for cooperation in establishing public battery swapping stations (BSS) for electric two-wheelers and took a commemorative photo. From the front row, left to right: Jaekwon Kim, Head of the Marketing Group, Small Battery Division at LG Energy Solution; Dao Viet Long, Deputy Director of the Construction Department, Hanoi City, Vietnam; and Kawabata, Head of Honda's MPP Division. LG Energy Solution

The three parties have agreed to cooperate across various areas to foster an industry ecosystem, including: building battery swapping stations for electric two-wheelers in central Hanoi; developing battery standardization and safety management systems; and jointly developing business models for electric two-wheeler platforms.

The signing ceremony was attended by Truong Viet Trung, Vice Mayor of Hanoi City; Dao Viet Long, Deputy Director of the Construction Department; Kawabata, Head of Honda's MPP Division; and Jaekwon Kim, Head of the Marketing Group, Small Battery Division at LG Energy Solution.

Starting from the third quarter of this year, LG Energy Solution, Honda, and Hanoi City plan to establish approximately 50 battery swapping stations in key areas of Hanoi and introduce 500 electric two-wheelers, officially launching a demonstration project.

The batteries used will be LG Energy Solution’s cylindrical 2170 batteries. In addition to supplying batteries, LG Energy Solution will also be responsible for building the safety management system, operating the swapping system, and providing operational solutions. The company will also promote the implementation of battery lifecycle management and safety management systems.

Honda will be in charge of MPPs, swapping machines, and electric two-wheelers. Meanwhile, Hanoi City will handle permits and policy support for overall business operations, as well as provide local operational cooperation.

Through this collaboration, LG Energy Solution aims to further strengthen its market competitiveness in Southeast Asia, as well as accelerate the accumulation of operational experience and data related to electric two-wheeler battery swapping platform operations.

Truong Viet Trung, Vice Mayor of Hanoi City, said, "Korea and Japan are leading countries in the field of battery swapping stations for electric two-wheelers. We look forward to the establishment of convenient electric two-wheeler battery swapping infrastructure for Hanoi citizens, based on the technological prowess of LG Energy Solution and Honda."

A representative from LG Energy Solution stated, "Vietnam is the most critical country in Southeast Asia for the transition to electric two-wheelers. We will continue to contribute to the creation of eco-friendly transportation infrastructure in Vietnam, based on our differentiated technology that dramatically improves safety, usage time, and lifespan in the field of batteries for two-wheelers."

This content was produced with the assistance of AI translation services.