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© Prologium Electronics Production | July 21, 2022

Battery manufacturer receives multi-million investment

VinFast makes investment in the tens of millions of US dollars investment in ProLogium, a taiwanese manufacturer in next-generation solid-state battery.

VinFast also entered into a Memorandum of Understanding with ProLogium setting out strategic cooperation arrangements to secure next-generation solid-state battery supplies and support the goal of expanding its smart mobility solutions globally, a press release reads.

The two companies will enter into commercial agreements to develop battery pack designs using Prologiums proprietary solid-state battery technology.

ProLogium plans to provide solid-state battery cells to VinFast starting from 2024 to support its next generation line-up. ProLogium’s first major solid state battery plant, which is slated to launch in early 2023, will devote a significant portion of the facility’s production capacity to supply VinFast.

In the future, ProLogium and VinFast may also establish a joint-venture solid-state battery factory in Vietnam.

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July 20 2022 12:24 pm V20.6.3-2