Đức Giang Chemicals (DGC) targets global EV supply chain with lithium batteries

Đức Giang Chemicals (DGC) targets global EV supply chain with lithium batteries

Leveraging its strengths in deep processing of apatite ore, the group aims to gradually integrate into the global electric vehicle (EV) supply chain.

DGC recorded total revenue of nearly VNĐ11.3 trillion (US$428 million), up more than 14 per cent year-on-year. — Photo doanhnghiepvn.vn

Đức Giang Chemicals Group (DGC) is focusing on high-tech development as a central part of its long-term strategy, with lithium battery research and production emerging as a key pillar. The group aims to leverage its expertise in deep processing of apatite ore to gradually integrate into the global electric vehicle (EV) supply chain.

At the same time, DGC is intensifying research into phosphorus derivatives such as electronic-grade phosphoric acid and PCl3, essential materials for the semiconductor, electronics and artificial intelligence (AI) industries.

According to its 2025 annual report, the company recorded total revenue of nearly VNĐ11.3 trillion (US$428 million), up more than 14 per cent year-on-year, with after-tax profit reaching VNĐ3.2 trillion based on internally prepared figures.

Export activities remained the main growth driver, accounting for 69 per cent of total revenue, while the alcohol segment saw revenue surge by 1,316 per cent over the past year.

To support its expansion, DGC is accelerating major investment projects. The Đức Giang Nghi Sơn Chemical Complex has disbursed nearly VNĐ1.4 trillion and is expected to begin trial operations in early Q3 this year. Upgrades to the 99 per cent alcohol production system and a CO2 recovery station are also due for completion and commercial operation.

DGC plans to hold an extraordinary shareholders’ meeting to restructure senior leadership and comply with new regulations. The move follows a March 17 decision by the Police Investigation Agency under the Ministry of Public Security to launch a criminal probe into environmental, resource and accounting violations involving three board members.

The investigation, including document seizures, has delayed the audit of the company’s 2025 financial statements. 

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