VinFast, through a company in Vingroup announced an investment in ProLogium, a global manufacturer in solid-state battery. VinFast also entered into a Memorandum of Understanding with ProLogium setting out strategic cooperation arrangements to secure solid-state battery supplies and the goal of expanding its smart mobility solutions globally.
Along with the investment in ProLogium, VinFast and ProLogium will become long-term strategic partners in the future. The two companies will enter into commercial agreements to develop battery pack designs using Prologium’s proprietary solid-state battery technology for VinFast.
Under the strategic cooperation arrangements, ProLogium plans to provide solid-state battery cells to VinFast starting from 2024 to support its next generation line-up. ProLogium’s first major solid state battery plant, which is slated to launch in early 2023, will devote a significant portion of the facility’s production capacity to supply VinFast.