VinFast Invests in ProLogium to Develop Next-Gen Batteries

VinFast announced an investment in ProLogium, a global manufacturer in next-generation solid-state battery in a move to secure next-generation solid-state battery supplies and support the goal of expanding its smart mobility solutions globally.

Along with the investment in ProLogium, VinFast and ProLogium will enter into commercial agreements to develop battery pack designs using Prologium’s proprietary solid-state battery technology.

“VinFast has focused on investing and building strategic partnerships with leading companies in the industry and breakthrough technology companies to quickly grasp and apply technologies for smart and sustainable mobility solutions,” said Ms. Le Thi Thu Thuy, Vingroup vice-chairwoman, and VinFast global CEO. “ProLogium is one of our key partners, helping VinFast quickly master the supply of solid-state batteries while continuing to deliver EV products with advanced battery technology for a more enjoyable and safer driving experience.”

“ProLogium and VinFast will together unveil smart electric vehicles powered by our market leading next-generation solid-state battery technologies,” said Vincent Yang, chief executive officer and chairman of ProLogium Technology said. “We are a major innovator in battery technology with already proven manufacturing capabilities and we aim to become a main driver for a sustainable world through high performance, safe and affordable technologies. We share this vision with our new partner, and together we will become a powerful force to deliver a more enjoyable and safer driving experience.”