MARKET OVERVIEW
The Vietnam solid state battery market was valued at USD 9.05 Million in 2024 and is forecasted to reach USD 132.76 Million by 2033. It is expected to expand at a CAGR of 30.81% over the forecast period from 2025 to 2033. This growth is driven by advancements in solid state battery technology and increasing demand from electric vehicles. Strategic government policies and collaborations to accelerate research and development also support market expansion.
STUDY ASSUMPTION YEARS
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
VIETNAM SOLID STATE BATTERY MARKET KEY TAKEAWAYS
- Current Market Size: USD 9.05 Million in 2024
- CAGR: 30.81%
- Forecast Period: 2025-2033
- Expansion of battery manufacturing facilities, including a new plant in central Vietnam, aims to reduce import dependency and boost local innovation.
- Solid state battery technology advancements are being driven by breakthrough plans to manufacture electric cars using these batteries.
- Government policies offer subsidies and tax relief to producers to encourage adoption of solid state battery technology.
- Strategic partnerships between local firms and international players accelerate commercialization of advanced battery solutions.
- Investments in R&D strengthen next-generation battery development tailored for domestic and global markets.
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MARKET GROWTH FACTORS
Vietnam is rapidly expanding its battery production capabilities to meet the escalating demand for advanced energy storage technology. Notably, in August 2025, a significant investment was made to establish a new battery manufacturing facility in central Vietnam dedicated to producing various battery types, including solid state batteries. This expansion aims to lessen dependency on imported batteries while fostering homegrown innovation. Government concessions and supportive policies heighten Vietnam’s attractiveness as a manufacturing hub for sophisticated battery technologies, enabling the country to emerge as a potential global battery exporter.
Vietnam’s solid state battery market growth is propelled by technological innovation. In March 2025, a major automaker announced plans to build an electric vehicle powered by solid state batteries, showcasing rising confidence in their commercial viability. These batteries promise better energy density and enhanced safety compared with lithium-ion alternatives. Additionally, government subsidies and tax incentives stimulate the adoption of this cutting-edge technology. Enhanced R&D works towards improving performance and cost efficiency, which is expected to boost electric vehicle and renewable energy storage markets.
Strategic partnerships and investment inflows are pivotal to Vietnam’s solid-state battery industry development. Collaborations between domestic enterprises and leading international technology providers facilitate knowledge exchange and innovation that improve battery safety, energy density, and manufacturing effectiveness. Government incentives and funding for innovation further bolster this ecosystem. Together, these efforts build robust manufacturing infrastructure and R&D backbones to sustain supply chains. This collaborative environment primes Vietnam for future advances and increases competitiveness in the global energy storage sector.
MARKET SEGMENTATION
Type Insights:
- Portable Battery: Solid state batteries designed for mobile and portable electronic devices, offering improved safety and energy efficiency.
- Thin Film Battery: Compact solid state batteries utilizing thin film technology for applications requiring lightweight and flexible energy storage solutions.
Capacity Insights:
- Less Than 20 mAh: Small-capacity solid state batteries suitable for low power consumption devices.
- 20 mAh to 500 mAh: Mid-range capacity solid state batteries designed for moderate energy requirements.
- More Than 500 mAh: High-capacity solid state batteries intended for applications needing substantial power.
Application Insights:
- Consumer and Portable Electronics: Use of solid state batteries in devices such as smartphones, laptops, and other personal gadgets.
- Electric Vehicle: Batteries for powering electric cars and transportation vehicles requiring high energy density and safety.
- Energy Harvesting: Batteries employed in systems capturing and storing energy from environmental sources.
- Wearable and Medical Devices: Solid state batteries designed for compact, safe, and reliable power in medical and wearable technology.
- Others: Additional application areas not covered in the main segments.
REGIONAL INSIGHTS
The Vietnam solid state battery market is segmented into three major regional markets: Northern Vietnam, Central Vietnam, and Southern Vietnam. While specific regional market share or CAGR data is not provided, the establishment of new manufacturing infrastructure in Central Vietnam highlights this region’s growing prominence. This strategic expansion supports regional industrial growth and solidifies Vietnam’s position in the global battery market.
RECENT DEVELOPMENTS & NEWS
In May 2025, Gotion High-Tech achieved a significant breakthrough by completing a pilot production line for its GEMSTONE all-solid state battery. This milestone enhances the company’s portfolio in next-generation energy solutions. The GEMSTONE battery features improved ion conductivity, increased cell capacity, reduced internal pressure, and has passed comprehensive safety verifications. Gotion High-Tech continues to invest heavily in advanced battery technology research and development, positioning itself as a leader in the international battery sector.
KEY PLAYERS
- Gotion High-Tech
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