ProLogium, a solid-state battery maker, confirmed Friday that a feasibility study for the location of its first overseas solid-state GigaFactory has been initiated. On July 11, ProLogium CEO Vincent Yang had a meeting with French President Emmanuel Macron during the “Choose France” Business Summit in Paris. France is one of the countries on the shortlist that also includes the United States, Germany, the Netherlands, Poland and the United Kingdom.
With an estimated total investment of over $8 billion, the factory will have a total capacity of 120GWh and the final decision is set to be made by the first quarter of 2023. A due diligence process will be performed before the construction project kicks off.
The company estimates to create over 6,500 jobs by 2031 with the project and says it is “poised to begin its global talent recruitment efforts in the areas of engineering, product research and development, business management, and more”.
“Our first-ever overseas gigafactory serves a key strategic purpose – being close to our customers to deliver products and services in a timely manner,” said Vincent Yang, CEO and Founder of ProLogium Technology. “The United States and Europe play a crucial role in the global automotive industry value chain. Automakers are accelerating their plans to extend their EV product range. With manufacturing bases in these regions, we will be able to better meet the market’s needs and benefit from local policy support. The proximity allows for local production and local supplies, planting closer to customers to reduce carbon footprint – a win-win solution for the benefit of both our customers and ProLogium.”
“In early July, with the recommendation and assistance from the US Department of Commerce and Business France (Taiwan/France), we were invited to the SelectUSA Investment Summit and Choose France Summit. We met with US officials and governors during the SelectUSA Summit. In Paris, we discussed next-generation battery technology breakthroughs with French President Emmanuel Macron at a face-to-face meeting during the Choose France Summit and presented our overseas expansion plans and leading advantages in technology and mass production. Both the US and French governments expressed their full support for ProLogium to set up plants locally, an indication of the increasing strategic importance of the next-generation battery,” Vincent Yang commented.
Earlier this year, leading international luxury car manufacturer Mercedes-Benz concluded a technology cooperation agreement with ProLogium to develop next-generation EV battery cells. Earlier in July, Vietnamese EV maker VinFast also signed a Memorandum of Understanding and entered into strategic cooperation arrangements with ProLogium to secure next-generation solid-state battery supplies with the aim of expanding its smart mobility solutions globally.