VinFast to invest millions in solid-state battery maker ProLogium

Vietnamese electric car maker VinFast continues its meteoric growth and expansion by announcing a long-term strategic partnership with solid-state battery maker ProLogium. Following a signed Memorandum of Understanding, ProLologium will provide solid-state battery cells for VinFast vehicles starting in 2024.

VinFast is the automotive subsidiary of VinGroup, a multifaceted Vietnamese conglomerate involved in everything from healthcare to five-star resorts and even theme parks. At the Los Angeles Auto Show last fall, we first saw the automaker’s first two electric cars, the VF 8 and VF 9.

At the same time, VinFast shared news that it will enter markets in North America and Europe, as well as set up a US headquarters in Los Angeles. While we expected to hear pricing at the LA Auto Show, it wasn’t until this past January that the automaker shared US and EU MSRPs. However, we didn’t get realistic pricing that reflected its battery subscription model until last April.

VinFast has since shared plans for fifty retail locations in Europe, as well as benefits for new customers in the EU, US and Canada that include years of free charging sessions and/or free home chargers. While we await the first deliveries of VinFast’s first two EVs, we’ve learned that future models may include solid-state batteries, thanks to a new agreement with ProLogium.

ProLogium Lithium Ceramic Battery (PLCB) / Source: ProLogium

Solid-state batteries are coming to the VinFast EV in 2024

According to a press release from Vietnam this morning, VinFast’s Memorandum of Understanding (MoU) with ProLogium involves an investment of “tens of millions of dollars”. The exact amount has not yet been disclosed.

As part of VinFast’s investment in ProLogium’s solid-state battery technology, the two will become long-term strategic partners, developing battery pack designs that adhere to the parameters outlined by the Vietnamese automaker. Vingroup Vice Chairman and CEO of VinFast Global Madam Le Thi Thu Thuy spoke about the new agreement:

VinFast focuses on investing and building strategic partnerships with industry leaders and disruptive technology companies to rapidly adopt and deploy technologies for smart and sustainable mobility solutions. ProLogium is one of our key partners, helping VinFast quickly master solid-state battery supply, while continuing to supply EV products with advanced battery technology for more enjoyable and safer driving.

ProLogium was founded in 2006 and has since filed over 500 patents for its proprietary solid-state battery technologies. Additionally, the company’s solid electrolyte is 100% recyclable and can be reused to create new battery cells.

As one of the first manufacturers to mass-produce solid-state lithium-ceramic batteries, ProLogium won development agreements with other EV makers, including Mercedes-Benz, last January. Under its new strategic collaboration agreements with VinFast, ProLogium will supply solid-state battery cells to VinFast from 2024 to support the automaker’s next-generation electric vehicles.

According to the press release, ProLogium will dedicate a significant portion of the production capacity at its first major solid-state battery plant to VinFast. This facility will have 3 GWh of capacity (equivalent to 30,000 EVs of capacity at 100kWh per unit) and is planned to be launched in Asia in early 2023. Looking ahead, ProLogium and VinFast continue to discuss the establishment of a solid-state battery joint venture factory in Vietnam. ProLogium also has plans to establish solid-state battery manufacturing footprints in the US and Canada.

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