VinFast to produce batteries for electric cars in Vietnam

Automaker VinFast has signed a memorandum of understanding on strategic cooperation with Taiwan’s ProLogium Technology Co.. Ltd. on production of batteries for electric cars in Vietnam.

Under the MoU signed Wednesday, the two parties will set up a joint venture to manufacture solid-state batteries for electric cars. The joint venture will be licensed to use ProLogium’s patented solid-state battery pack assembly technology.

This is a strategic step for VinFast in mastering battery technology for electric vehicles, laying a foundation for its research and development of smart and advanced electric vehicles in the future.

Founded in 2006, ProLogium is the world’s leading solid-state battery maker. In 2017, ProLogium became the first company in the world to have a test line for solid-state battery technology for automotive applications.

Its solid-state batteries have passed safety tests in Europe and China, which are the world’s largest electric vehicle markets.

It is also cooperating with large electric cars manufacturers to test a new battery technology and expects to deploy it for mass-production in 2023-2024.

By using solid-state batteries, VinFast electric cars will be able to go longer distances, reduce charging time, and increase the total number of times they can be charged.

VinFast’s partnership with ProLogium is a part of its plan to become a global smart electric car brand.

In January, VinFast introduced three new electric self-driving car models. It is also setting up electric charging stations nationwide, aiming at 40,000 charging ports for electric bikes and cars by the end of 2021.

VinFast sold 31,500 cars in Vietnam last year. Since entering the auto industry three years ago the company now has a plant in the northern province of Hai Phong and R&D centers in Australia, Germany and the U.S.