Press Releases/ Announcement
Global Solid-State Battery Maker ProLogium to Establish Its First Overseas Gigafactory
September 05, 2022
Following the successful completion of the first gigafactory in Taoyuan, Asia, Europe and USA sites are under consideration.
ProLogium, a global leading manufacturer in next-generation solid-state batteries, is seeking its first overseas site for production of next-generation solid-state batteries in Asia, Europe, or USA in light of the exponential growth in demand for electric vehicles over the next decade. In Europe, it has appointed Accuracy, a global independent financial and strategic consulting firm, to advise on the location. Besides Europe, the company is also looking into potential sites in Asia and North America and has been in discussion with multiple agencies in these regions.
“For most Asian companies actively going abroad, one of the keys to success is a solid foundation rooted in strategic planning.” Mr. Vincent Yang, Chief Executive Officer and Chairman of ProLogium Technology said. “Site selection requires not only the right technology and solutions for that market, but also in-depth knowledge of local market demands and trends. We are happy to leverage our advantage as our manufacturing readiness has been demonstrated with our first gigafactory poised to enter in production next year.”
Zaheer Minhas, Partner at Accuracy leading the Infrastructure Advisory business in Asia and who is advising ProLogium, says: “It is no exaggeration to say that ProLogium’s European production site will be transformative for the chosen region. Competition to secure the site is already fierce. That means the region ProLogium chooses will benefit from the creation of high quality, environmentally-friendly jobs for many years to come.”
At the end of initial studies for potential sites in Asia, Europe, and North America, a proposal of shortlisted sites from each region will be presented to be approved by the board. ProLogium is set to make its final decision by the second quarter of 2023 and break ground on the new facility after carrying out proper due diligence.”
Accuracy is a wholly independent international consulting firm providing advice to company management and shareholders for their strategic or critical decisions, notably in transactions, disputes and crises.
Founded in 2006, ProLogium is a global leader in innovative next-generation battery technologies for vehicle, consumer, and industrial applications.
ProLogium is the first battery company in the world to mass-produce solid-state lithium ceramic batteries. Its proprietary technologies cover over 500 (applied or awarded) patents worldwide.
ProLogium’s automated pilot production line has provided nearly 8,000 solid-state battery sample cells to global car manufacturers for testing and module development.
ProLogium Technology’s GWh level solid-state lithium ceramic battery plant will be the first in the world to go online in early 2023, and it aims to begin scaling up by the second half of the year, followed by capacity expansion plans in major markets worldwide