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Vietnamese automaker VinFast, which expects to launch two electrical automobiles within the US market this 12 months, is teaming up with Taiwanese battery firm ProLogium Expertise on solid-state batteries for electrical automobiles to be delivered from 2024, VinFast mentioned in an announcement. an announcement.

VinFast, by way of mum or dad firm Vingroup, is investing “tens of thousands and thousands of US {dollars}” in ProLogium to assist the startup’s proprietary solid-state expertise, VinFast mentioned Wednesday.

It additionally signed a memorandum of understanding to safe ProLogium’s provide of batteries for its next-generation automobiles, VinFast mentioned.

“VinFast has been centered on investing and creating strategic partnerships with main trade firms and fintech firms,” mentioned Le Thi Thu Thuy, CEO of VinFast World. “ProLogium is one in all our key companions, serving to VinFast shortly grasp the provision of solid-state batteries.”

On its company web site, ProLogium says its solid-state batteries present larger vitality density and quicker charging than typical batteries, which use a liquid electrolyte as a substitute of a stable materials.

“We’re a serious innovator in battery expertise with confirmed manufacturing capabilities and our purpose is to turn into the main driver of a sustainable world by way of high-performance, protected and inexpensive applied sciences,” mentioned Vincent Yang, CEO of ProLogium, within the press launch.

ProLogium is one in all a number of startups engaged on solid-state battery expertise, which might considerably decrease the manufacturing prices of electrical automobiles. They embrace Colorado-based Strong Energy, with investments from Ford Motor Co. and BMW, and California-based QuantumScape, backed by Volkswagen.

“ProLogium plans to offer solid-state battery cells to VinFast starting in 2024 to assist its next-generation lineup,” VinFast mentioned. “ProLogium’s first main solid-state battery plant, scheduled to launch in early 2023, will dedicate a good portion of the ability’s manufacturing capability to supplying VinFast.”

The automaker mentioned it might additionally arrange a three way partnership with ProLogium for a battery manufacturing facility in Vietnam.

VinFast is a brand new automotive producer that began producing combustion engine automobiles for its native market in 2019 primarily based on BMW expertise. The automaker is phasing out combustion engines in favor of newly developed electrical automobiles because it expands into world markets, beginning with the US, Canada and Europe.

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

In March, VinFast mentioned it’s going to construct an electrical automobile meeting plant and battery manufacturing facility in North Carolina. VinFast mentioned it’s going to break floor on the preliminary $2 billion plant this 12 months and begin manufacturing in 2024.

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