VinFast has announced a partnership with Taiwanese battery startup ProLogium Technology that will see it start using solid-state batteries in its EVs from as early as 2024.
The Memorandum of Understanding signed by the two companies will see them enter into a commercial agreement to develop battery pack designs using Prologium’s proprietary solid-state battery technology. The deal also includes an investment of “tens of millions of dollars,” according to a press release about the partnership.
ProLogium was founded in 2006 and has filed over 500 patents for its solid-state battery technologies. It signed an agreement with Mercedes-Benz in January to also develop solid-state batteries and plans to launch its first major solid-state battery plant in early 2023. A significant portion of the facility’s production capacity will supply VinFast and in the future, the two companies may establish a joint-venture factory in Vietnam.
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“VinFast has focused on investing and building strategic partnerships with leading companies in the industry and breakthrough technology companies to quickly grasp and apply technologies for smart and sustainable mobility solutions,” Vingroup vice chairwoman and VinFast Global chief executive, Le Thi Thu Thuy, said in a statement. “ProLogium is one of our key partners, helping VinFast quickly master the supply of solid-state batteries while continuing to deliver EV products with advanced battery technology for a more enjoyable and safer driving experience.”
ProLogium Technology says its solid electrolyte is 100 per cent recyclable and can be used for creating new battery cells.
“ProLogium and VinFast will together unveil smart electric vehicles powered by our market-leading next-generation solid-state battery technologies,” added chief executive and chairman of ProLogium Technology, Vincent Yang. “We are a major innovator in battery technology with already proven manufacturing capabilities and we aim to become a main driver for a sustainable world through high performance, safe and affordable technologies. We share this vision with our new partner, and together we will become a powerful force to deliver a more enjoyable and safer driving experience.”
