VinFast has announced an investment in the tens of millions of U.S. dollars investment in ProLogium, a global manufacturer in next-generation solid-state battery. VinFast also entered into a Memorandum of Understanding (MoU) with ProLogium setting out strategic cooperation arrangements to secure next-generation solid-state battery supplies and the goal of expanding its smart mobility solutions globally.
The two companies will enter into commercial agreements to develop battery pack designs using Prologium’s proprietary solid-state battery technology.
Under the strategic cooperation arrangements, Taipei-based 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.
Ms. Le Thi Thu Thuy, Vingroup Vice Chairwoman, and VinFast Global CEO, says: “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. 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.”
Vincent Yang, Chief Executive Officer and Chairman of ProLogium Technology, adds: “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.”
Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam.