VinFast companions with ProLogium on solid-state EV batteries

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Vietnamese automaker VinFast, which expects to launch two electric vehicles within the U.S. market this 12 months, is partnering with Taiwanese battery startup ProLogium Expertise on solid-state EV batteries for supply as early as 2024, VinFast mentioned in a press release.

VinFast, by means of father or mother firm Vingroup, is investing “tens of hundreds of thousands of U.S. {dollars}” in ProLogium to assist the startup’s proprietary solid-state expertise, VinFast mentioned Wednesday.

It additionally signed a memorandum of understanding to safe battery provides from ProLogium for its next-generation automobiles, VinFast mentioned.

“VinFast has centered on investing and constructing strategic partnerships with main firms within the business and breakthrough expertise firms,” mentioned Le Thi Thu Thuy, VinFast World CEO. “ProLogium is one among our key companions, serving to VinFast rapidly grasp the provision of solid-state batteries.”

On its company web site, ProLogium says its solid-state batteries present increased power density and sooner charging than standard batteries, which use a liquid electrolyte reasonably than a stable materials.

“We’re a significant innovator in battery expertise with already confirmed manufacturing capabilities and we goal to grow to be a important driver for a sustainable world by means of excessive efficiency, protected and inexpensive applied sciences,” mentioned ProLogium CEO Vincent Yang within the information launch.

ProLogium is one among a number of startups engaged on solid-state battery expertise, which might considerably scale back EV manufacturing prices. They embody Colorado-based Solid Power with funding from Ford Motor Co. and BMW, and California-based QuantumScape backed by Volkswagen.

“ProLogium plans to supply solid-state battery cells to VinFast ranging from 2024 to assist its subsequent technology lineup,” VinFast mentioned. “ProLogium’s first main stable state battery plant, which is slated to launch in early 2023, will dedicate a good portion of the ability’s manufacturing capability to produce VinFast.”

The automaker mentioned it might additionally set up a three way partnership with ProLogium for a battery manufacturing unit in Vietnam.

VinFast is a brand new automaker that started producing combustion-engine automobiles for its residence market in 2019 based mostly on expertise from BMW. The automaker is phasing out combustion engines in favor of newly developed EVs because it expands to world markets, beginning with the U.S., Canada and Europe.

VinFast is taking U.S. orders on its midsize VF 8 and VF 9 crossovers, with anticipated deliveries by the top of the 12 months. VinFast delivered its first EV in Vietnam in December, however that mannequin was smaller than the two-row and three-row crossovers coming to the U.S. and Canada.

In March, VinFast mentioned it should construct an electrical car meeting plant and battery manufacturing facility in North Carolina. VinFast mentioned it should break floor on the preliminary $2 billion plant this 12 months and start manufacturing in 2024.

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