ProLogium

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.

In 2019 ProLogium signed cooperation agreements with several Chinese electric vehicle manufacturers, including NIO, AiWAYS, and Enovate Motors.

In March 2021, ProLogium signed an MOU with Vietnamese car OEM Vinfast. According to the MOU, ProLogium and Vinfast will establish a joint venture to produce solid-state batteries for electric cars in Vietnam.

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

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.

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

In May 2023, ProLogium announced that it would open a 5.2 billion euro primary international production center in Dunkirk. ProLogium had also seriously explored locating the factory in Germany or The Netherlands. ProLogium executives said that France had beaten out Germany and The Netherlands by improving the deal they offered including by promising low priced power. Significant lobbying by the French side also came into play. All of the contenders had offered significant incentive packages including large tax credits. The ability to reliably source zero-carbon electricity was also a concern.

Shareholders

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

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

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.

In 2021 ProLogium conducted a $326 million funding round with buy-in from Primavera Capital Group, and SoftBank China Venture Capital among others which placed the company's total valuation somewhere between $2-$3 billion.

Products

ProLogium primarily makes solid state batteries.

Operations

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

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

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

Leadership

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

Awards

* In April 2019, ProLogium was awarded gold at the Edison Awards for its battery pack assembly technology "BiPolar+ 3D Structure Solid-State EV Battery Pack", which allows for direct connection of electrodes in series and parallel by stacking to simplify the connection materials and space for the EV battery system and improve energy density.
* In April 2021, ProLogium was awarded bronze at the Edison Awards for its proprietary ASM (Active Safety Mechanism) technology. The ASM is a mechanism that ensures safety and actively stops thermal runaway by passivating electrodes.

References

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Taiwanese companies established in 2006
Solid-state batteries
Companies based in Taoyuan City