VinFast partners with ProLogium on solid-state EV batteries

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Vietnamese automaker VinFast, which expects to launch two electric cars in the U.S. market this yr, is partnering with Taiwanese battery startup ProLogium Technological know-how on strong-state EV batteries for delivery as early as 2024, VinFast claimed in a statement.

VinFast, by way of mother or father enterprise Vingroup, is investing “tens of tens of millions of U.S. bucks” in ProLogium to help the startup’s proprietary good-point out technological innovation, VinFast mentioned Wednesday.

It also signed a memorandum of knowing to protected battery supplies from ProLogium for its up coming-technology autos, VinFast claimed.

“VinFast has targeted on investing and constructing strategic partnerships with leading corporations in the market and breakthrough technologies providers,” claimed Le Thi Thu Thuy, VinFast World-wide CEO. “ProLogium is one of our key associates, encouraging VinFast rapidly master the offer of good-condition batteries.”

On its company web site, ProLogium says its strong-state batteries present better electricity density and faster charging than standard batteries, which use a liquid electrolyte rather than a strong content.

“We are a main innovator in battery engineering with now demonstrated production capabilities and we purpose to turn into a most important driver for a sustainable planet as a result of significant functionality, harmless and economical systems,” stated ProLogium CEO Vincent Yang in the information release.

ProLogium is a single of several startups performing on reliable-point out battery engineering, which could drastically lower EV generation charges. They consist of Colorado-dependent Reliable Electricity with expense from Ford Motor Co. and BMW, and California-based mostly QuantumScape backed by Volkswagen.

“ProLogium options to supply good-state battery cells to VinFast setting up from 2024 to aid its up coming era lineup,” VinFast reported. “ProLogium’s first major reliable condition battery plant, which is slated to launch in early 2023, will dedicate a significant part of the facility’s creation capability to provide VinFast.”

The automaker stated it might also establish a joint venture with ProLogium for a battery manufacturing facility in Vietnam.

VinFast is a new automaker that began developing combustion-engine motor vehicles for its dwelling current market in 2019 based mostly on technological know-how from BMW. The automaker is phasing out combustion engines in favor of freshly designed EVs as it expands to world wide marketplaces, starting up with the U.S., Canada and Europe.

VinFast is using U.S. orders on its midsize VF 8 and VF 9 crossovers, with predicted deliveries by the conclusion of the calendar year. VinFast shipped its initially EV in Vietnam in December, but that design was lesser than the two-row and three-row crossovers coming to the U.S. and Canada.

In March, VinFast said it will create an electric automobile assembly plant and battery manufacturing facility in North Carolina. VinFast said it will crack ground on the initial $2 billion plant this year and commence manufacturing in 2024.

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