On May 19, LG Energy Solution announced that it signed a memorandum of understanding (MOU) with Honda and Hanoi to collaborate on establishing public battery swapping stations for electric two-wheelers.
The partnership will focus on several key areas, including the construction of battery swapping stations in central Hanoi, the development of battery standardization and safety management systems, and the joint development of business models for electric two-wheeler platforms.
Attendees at the signing ceremony included Hanoi Deputy Mayor Truong Viet Dung, Deputy Director of the Construction Department Dao Viet Long, Honda's Mobile Power Pack Division Head Kawabata, and LG Energy Solution's Marketing Group Head Kim Jae-gwon.
Starting in the third quarter of this year, LG Energy Solution, Honda, and Hanoi plan to establish approximately 50 battery swapping stations in key areas of the city and introduce a fleet of 500 electric motorcycles to begin pilot operations.
The batteries used will be LG Energy Solution's cylindrical 2170 batteries, while Honda will be responsible for the battery packs, swapping stations, and electric motorcycles. The city of Hanoi will provide support for permits, policies, and local operations.
Hanoi, known as the "Motorbike Capital," has a population of about 8.5 million, with registered motorcycles exceeding 6 million, making two-wheelers an essential part of daily life.
The Vietnamese government is aggressively promoting the transition to electric motorcycles to reduce air pollution and phase out internal combustion engines. According to the roadmap, restrictions on gasoline motorcycles will begin in central Hanoi in July 2026, with a complete ban on gasoline motorcycles nationwide by 2045.
In this context, LG Energy Solution aims to strengthen its market competitiveness in Southeast Asia through this collaboration, while also accelerating the accumulation of operational experience and data related to battery swapping platforms for electric two-wheelers.
Deputy Mayor Truong Viet Dung stated, "Korea and Japan are leading countries in the field of battery swapping stations for electric two-wheelers. We expect that, based on the technology of LG Energy Solution and Honda, a convenient battery swapping infrastructure will be established for the citizens of Hanoi."
An LG Energy Solution representative remarked, "Vietnam is the most critical country for the transition to electric two-wheelers in Southeast Asia. We will continue to contribute to the development of eco-friendly transportation infrastructure in Vietnam based on our differentiated technology that significantly enhances safety, usage time, and lifespan in the battery sector for two-wheelers."
* This article has been translated by AI.
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