Hanoi, Vietnam – VinFast this week announced an investment of tens of millions of US dollars in ProLogium, a global leader in next-generation solid-state batteries. VinFast has also entered into a Memorandum of Understanding with ProLogium to secure supplies of next-generation solid-state batteries and expand its smart mobility solutions globally.
VinFast and ProLogium will become long-term strategic partners, working together to develop battery pack designs using Prologium’s proprietary solid-state battery technology. Both companies will adhere to strict specifications on the parameters, quality, and safety for VinFast. This partnership will ensure that both companies are able to continue innovating and providing the best products and services for their customers.
As part of our strategic cooperation arrangements, ProLogium plans to provide VinFast with solid-state battery cells starting from 2024. ProLogium’s first major solid-state battery plant is slated to launch in early 2023, and a significant portion of its production capacity will be devoted to supplying VinFast. In the future, ProLogium and Vinfast may also establish a joint-venture solid-state battery factory in Vietnam.
Solid-state batteries offer many advantages in terms of safety, energy density, hyper-fast-charging capability, recyclability, weight optimization, costs, and lifetime. We are confident that this technology will play a major role in VinFast’s next-generation line-up.
ProLogium is a vital partner for VinFast in its battery strategy. This partnership gives VinFast control over the quantity and type of batteries it needs to meet the demands of each EV line and the market. ProLogium’s world-leading technology ensures that these batteries are high-tech, high-performance, safe, and environmentally friendly.
“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,” said Ms. Le Thi Thu Thuy, Vingroup Vice Chairwoman, and VinFast Global CEO. “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.”
VinFast is a leading global producer of premium automobiles, with a state-of-the-art manufacturing complex that boasts up to 90% automation. The company was founded in 2017 by Vietnam’s leading private conglomerate Vingroup, and today operates offices in key markets across the US, Canada, and Europe.
In 2021, Vingroup invested more than 4 trillion VND to construct the VinES battery factory in Vung Ang, Ha Tinh (Vietnam), which produces battery packs and cells for VinFast electric vehicles. This commitment to cutting-edge technology and innovation ensures that VinFast remains at the forefront of the automotive industry.
The company has recently announced plans to construct a manufacturing plant in North Carolina (USA), with an initial investment of 2 billion USD. This facility will become the primary production site for electric cars and e-buses, as well as housing other ancillary industries.
“ProLogium and VinFast will together unveil smart electric vehicles powered by our market-leading next-generation solid-state battery technologies.” Mr. Vincent Yang, Chief Executive Officer and Chairman of ProLogium Technology said. “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.”
As a leading manufacturer of EV batteries, ProLogium has well-established production lines and quality control procedures that have yielded excellent results. To date, we have shipped over 7,300 EV cells to automotive partners worldwide for verification, and more than one million cells to customers for consumer applications. Our 3 GWh mass-production plant is the foundation of our commitment to providing reliable, high-quality products that meet the needs of our customers.
ProLogium is always working to develop and improve its next-generation battery technologies and manufacturing skills. With a clear roadmap for technology development, long-proven manufacturing processes, healthy supply chain strategic alliances, strong customer endorsement, and relentless, continuous innovation, ProLogium is leading the way in producing next-generation batteries to power the world for a greener future.
