Sep 5, 2022 - 11:52 am

ProLogium considers building battery plant in Europe or the USA

The Taiwanese solid-state battery cell manufacturer ProLogium announces its first overseas ‘gigafactory’. The battery factory, which is to be built in Europe or the USA, is to have an annual capacity of 120 GWh when completed.

Germany, France, Poland, the Netherlands and Great Britain have been shortlisted as possible locations in Europe. For the USA, however, ProLogium did not name any more specific possible locations.

A decision on where the first overseas battery factory could be built is to be made in the first quarter of 2023. Construction is planned in three phases. Investments are expected to total eight billion US dollars over the next ten years. ProLogium estimates that the plant will create over 6,500 jobs by 2031.

“For most Asian companies actively going abroad, one of the keys to success is a solid foundation rooted in strategic planning,” said Vincent Yang, Chief Executive Officer and Chairman of ProLogium Technology. “Site selection requires not only the right technology and solutions for that market, but also in-depth knowledge of local market demands and trends. That’s why we’ve chosen Accuracy as our advisor for one of our most important milestones.”

Earlier this year, Mercedes-Benz announced a high double-digit million euro investment in ProLogium and agreed to jointly develop next-generation battery cells with the Taiwanese company. This was followed in July by an announcement that the Vietnamese electric car manufacturer VinFast had made a multi-million euro investment in ProLogium. In addition, ProLogium is to supply solid-state battery cells to VinFast from 2024.

ProLogium plans to start up its first commercial production facility for solid-state battery cells in early 2023. The plant is designed to produce up to 3 GWh. “A significant portion” of this production capacity is to go to VinFast – however, the exact delivery volumes were not quantified. In addition, both sides are looking into setting up a joint venture to build a solid-state battery factory in Vietnam. VinFast and ProLogium had already concluded a first memorandum of understanding in 2021.

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Found on electrive.com
https://www.electrive.com/2022/09/05/prologium-considers-building-battery-plant-in-europe-or-the-usa/
05.09.2022 11:14