ProLogium

Source: Wikipedia, the free encyclopedia.
ProLogium
Company typePrivate
IndustryAutomotive Lithium battery, Energy storage
Founded2006
FounderVincent Yang[1]
HeadquartersTaoyuan, Taiwan[2]
Productssolid-state battery[3]
Number of employees
800 (Taoyuan only)[4]
Websitehttps://www.prologium.com/

Founded in 2006, ProLogium Technology (Mandarin: 輝能科技) is a Taiwanese solid-state battery developer and manufacturer.

History

ProLogium Technologies was established in 2006. Its initial sales were of solid state batteries to automakers for testing and product development purposes.[5]

In 2019 ProLogium signed cooperation agreements with several Chinese electric vehicle manufacturers, including

NIO,[6] AiWAYS, and Enovate Motors.[7]

In March 2021, ProLogium signed an MOU with Vietnamese car

OEM Vinfast.[8] According to the MOU, ProLogium and Vinfast will establish a joint venture to produce solid-state batteries for electric cars in Vietnam.[9]

In March 2022 ProLogium and Gogoro released a prototype solid-state lithium ceramic battery for Gogoro's scooter charging network.[5][10]

In February 2022, American business news website Insider reported on 15 notable unicorn companies in the global electric vehicle industry selected by Pitchbook, a financial research company, and ProLogium was included on the list.[11]

In July 2022, ProLogium activated its expansion plan in Europe.[12] By September 2022 they were said to have reduced their search to a shortlist including Germany, France, Germany, the United Kingdom, and Poland.[13]

In May 2023, ProLogium announced that it would open a 5.2 billion euro primary international production center in

tax credits. The ability to reliably source zero-carbon electricity was also a concern.[15]

Shareholders

Both Mercedes-Benz[16] and VinFast own a portion of ProLogium. As of May 2023 ProLogium had raised US$700 million from investors.[3] In return for their significant investment Mercedes-Benz received a seat on ProLogium's board of directors.[17]

In 2023 Yang stated his intent to eventually take the company public via an Initial public offering (IPO).[3][18][17]

In 2022 POSCO has invested an undisclosed amount in ProLogium. Meanwhile, POSCO and ProLogium has signed an agreement on the joint development of components for ProLogium's solid-state batteries.[19]

In 2021 ProLogium conducted a $326 million funding round with buy-in from

SoftBank China Venture Capital among others which placed the company's total valuation somewhere between $2-$3 billion.[20]

Products

ProLogium primarily makes solid state batteries.[3]

Operations

ProLogium is headquartered in Taoyuan, Taiwan, with subsidiaries in Singapore and Shanghai.[2]

The company is building a 1-2GWh capacity gigafactory in Taiwan.[18] In 2024 they opened the first phase with a .5 GWh capacity.[21]

The company's facility in Dunkirk is expected to come into production in 2027.[22]

Leadership

Vincent Yang is ProLogium's chief executive officer. Gilles Normand is ProLogium's head of international development.[3]

Awards

References

  1. ^ Hsuan-ting, Tseng; Huang, Frances. "Taiwan EV battery maker to build 'gigafactory' in France". focustaiwan.tw. Focus Taiwan. Retrieved 14 May 2023.
  2. ^ a b "ProLogium Technology Co., Ltd". ProLogium Technology Co., Ltd. Retrieved 2022-02-22.
  3. ^ a b c d e f g White, Sarah. "Taiwanese car-battery maker bets on northern France with €5.2bn plant". ft.com. Financial Times. Retrieved 2 June 2023.
  4. ^ Pei-ju, Teng. "Battery maker ProLogium continues to expand in Taiwan: CEO". focustaiwan.tw/. Focus Taiwan. Retrieved 9 June 2023.
  5. ^ a b Wang, Lisa. "Gogoro unveils prototype battery with greater range". taipeitimes.com. Taipei Times. Retrieved 6 June 2023.
  6. ^ "ProLogium And NIO Join Forces On Solid-State Batteries For EVs".
  7. ^ "Startup Enovate teams up with cell maker ProLogium on solid-state battery".
  8. ^ "[VIETNAM BUSINESS] VinFast bắt tay ProLogium sản xuất pin xe ô tô điện ngay tại Việt Nam". Viet World US (in Vietnamese). Retrieved 2022-02-22.
  9. ^ "VinFast to employ ProLogium's solid-state batteries".
  10. ^ Toh, Micah. "Gogoro unveils the world's first-ever solid state swappable electric vehicle battery". electrek.co. Electrek. Retrieved 6 June 2023.
  11. ^ John, Alexa St. "Meet 15 unicorns in the growing electric car industry — and how they're poised to make good on billion-dollar valuations". Business Insider. Retrieved 2022-02-22.
  12. ^ "Batteries : le taïwanais ProLogium envisage la France pour sa gigafactory européenne". Les Echos (in French). 2022-07-12. Retrieved 2022-08-29.
  13. ^ Carey, Nick. "Taiwan's ProLogium seeks European site for $8bln battery plant". Reuters.com. Reuters.
  14. ^ Guillaume, Gilles. "Taiwanese battery maker ProLogium eyes overseas base in France". reuters.com. Reuters. Retrieved 14 May 2023.
  15. ^ "France secures Taiwan plant with lobbying, incentives". taipeitimes.com. Taipei Times. Retrieved 6 June 2023.
  16. ^ De Beaupuy, Francois. "Mercedes-Backed EV Battery Startup Plans €5.2 Billion Plant in France". bloomberg.com. Bloomberg. Retrieved 2 June 2023.
  17. ^ a b "ProLogium aims at trading debut before year-end". taipeitimes.com. Taipei Times. Retrieved 6 June 2023.
  18. ^ a b Donaldson, Alex. "ProLogium announces Dunkirk battery plant, with IPO to come". power-technology.com. Power Technology. Retrieved 2 June 2023.
  19. ^ "Posco invests in ProLogium's solid-state batteries - electrive.com". www.electrive.com/. Retrieved 2023-07-17.
  20. ^ "Taiwanese battery maker ProLogium likely valued at $2-$3 bln in new funding round". reuters.com. Reuters. Retrieved 6 June 2023.
  21. ^ Chang, Eric. "Taiwan's ProLogium opens EV battery 'gigafactory' in Taoyuan". www.taiwannews.com.tw. Taiwan News. Retrieved 25 January 2024.
  22. ^ De Beaupuy, Francois. "Taiwan's ProLogium Eyes 2027 for EV Battery Output in France". bloomberg.com. Bloomberg. Retrieved 6 June 2023.
  23. ^ "Edison Awards™ - Honoring the Best in Innovation and Innovators". edisonawards.com. Retrieved 2022-02-22.
  24. ^ "Edison Awards™ - Honoring the Best in Innovation and Innovators". edisonawards.com. Retrieved 2022-02-22.
  25. ^ "Primavera joins $326m round for Taiwan EV supplier".
  26. ^ "独メルセデス、台湾の電池新興に出資 「全固体」を開発". 日本経済新聞 電子版 (in Japanese). Retrieved 2022-02-22.
  27. ^ "Taiwan battery maker ProLogium signs investment deal with Mercedes-Benz".
  28. ^ "Mercedes-Benz und Prologium entwickeln Festkörperbatterien".
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