VinFast to speculate hundreds of thousands in solid-state battery producer ProLogium

Vietnamese EV automaker VinFast is constant its lightning-fast development and growth by saying a long-term, strategic partnership with solid-state battery producer ProLogium. Following a signed Memorandum on Understanding, ProLologium will present solid-state battery cells to VinFast autos starting in 2024.

VinFast is an automotive manufacturing subsidiary of VinGroup, a multifaceted Vietnamese conglomerate dabbling in every part from healthcare to five-star resorts and even theme parks. On the LA Auto Present final fall, we obtained our first glimpse of the automaker’s first two EVs – the VF 8 and VF 9.

On the similar time, VinFast shared information it could be getting into markets in North America and Europe in addition to organising a US headquarters in Los Angeles. Though we anticipated to listen to pricing on the LA Auto Present, it wasn’t till this previous January that the automaker shared MSRPs for the US and EU. Even so, we didn’t get reasonable pricing that mirrored its battery subscription mannequin till this previous April.

Since then, VinFast has shared plans for 50 retail areas in Europe in addition to perks for brand spanking new clients within the EU, US, and Canada that embody years of complimentary charging classes and/or free dwelling chargers. Whereas we await the primary deliveries of VinFast’s first two EVs, now we have realized that future fashions could embody solid-state batteries, because of a brand new settlement with ProLogium.

VinFast solid-state
ProLogium’s Pouch Lithium Ceramic Battery (PLCB) / Supply: ProLogium

Strong-state batteries are coming to VinFast EVs in 2024

In accordance with a press launch out of Vietnam this morning, VinFast’s Memorandum of Understanding (MoU) with ProLogium contains an funding of “tens of hundreds of thousands of {dollars}.” The precise quantity has not but been revealed.

As a part of VinFast’s funding in ProLogium’s solid-state battery know-how, the 2 will change into long-term strategic companions, creating battery pack designs to stick to the parameters outlined by the Vietnamese automaker. Vingroup Vice-Chair and VinFast World CEO Madam Le Thi Thu Thuy spoke in regards to the new settlement:

VinFast has centered on investing and constructing strategic partnerships with main firms within the business and breakthrough know-how firms to shortly grasp and apply applied sciences for good and sustainable mobility options. ProLogium is certainly one of our key companions, serving to VinFast shortly grasp the provision of solid-state batteries whereas persevering with to ship EV merchandise with superior battery know-how for a extra pleasant and safer driving expertise.

ProLogium was based in 2006 and has since filed over 500 patents for its proprietary solid-state battery applied sciences. Moreover, the corporate’s strong electrolyte is 100% recyclable and could be reused for creating new battery cells.

As one of many first producers to mass-produce solid-state lithium ceramic batteries, ProLogium has earned improvement agreements with different Ev automakers, together with Mercedes-Benz, this previous January. Underneath its new strategic cooperation preparations with VinFast, ProLogium will present solid-state battery cells to VinFast starting in 2024 to help the automaker’s subsequent technology of EVs.

In accordance with the press launch, ProLogium will commit a good portion of the manufacturing capability at its first main solid-state battery plant to VinFast. That facility will home 3 GWh of energy (equal to 30,000 EVs capability at 100kWh per unit) and is scheduled to launch in Asia in early 2023. Wanting forward, ProLogium and VinFast proceed to debate the institution of a joint-venture solid-state battery manufacturing unit in Vietnam. ProLogium additionally has plans to determine solid-state battery manufacturing footprints within the US and Canada as properly.

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VinFast is investing tens of millions in solid-state battery manufacturer ProLogium

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