New deal will see Vinfast gain solid-state batteries by 2024

Vinfast is gearing as much as begin gross sales of its first electrical automobiles within the U.S. by the top of the yr, however the firm is already trying forward at its subsequent technology of EVs.

The Vietnamese automaker on Wednesday introduced a cope with Taiwanese battery expertise startup ProLogium for the provision of solid-state batteries, a expertise that guarantees extra vary, quicker cost instances, and improved security in comparison with liquid-state batteries in use at the moment.

The deal additionally contains an funding by Vinfast in ProLogium.

VinFast VF 8 Prototype

“ProLogium and Vinfast will collectively unveil good electrical automobiles powered by our market main next-generation solid-state battery applied sciences,” Vincent Yang, ProLogium’s chairman and CEO, stated in a press release. “We’re a significant innovator in battery expertise with already confirmed manufacturing capabilities and we intention to develop into a important driver for a sustainable world by means of high-performance, secure and reasonably priced applied sciences.”

Vinfast and ProLogium plan to develop battery packs utilizing ProLogium’s solid-state batteries, the primary of that are scheduled to be equipped to Vinfast in 2024. The batteries can be sourced from a plant ProLogium has underneath development in Taiwan and which is scheduled to open in early 2023. The businesses are additionally investigating establishing a three way partnership for a battery plant in Vietnam. Vinfast already has its personal battery plant in Vietnam, which the corporate constructed in 2021.

Vinfast, which plans an IPO within the U.S., in March introduced plans to construct a plant in Chatham County, North Carolina. The plant, which can be Vinfast’s first exterior of Vietnam, can be used for each EV and battery manufacturing.

VinFast VF 9 Prototype

VinFast VF 9 Prototype

The North Carolina plant is scheduled to open in 2024, with the primary automobiles confirmed because the mid-size VF 8 and full-size VF 9 electrical SUVs. The plant will even be used to construct electrical buses ultimately.

The VF 8 and VF 9 would be the first Vinfasts on sale within the U.S., with the automobiles to initially be sourced from Vietnam. They’re priced from $41,000 and $56,000, respectively, although homeowners will want to enroll in a battery subscription plan. The subscription plans, that are dependant on mileage, will begin as little as $35 per 30 days, topping out at $110 per 30 days for the VF 8 and $160 per 30 days for the VF 9 for homeowners searching for limitless mileage.

Vinfast will initially concentrate on California, the place the the primary of 30 company-owned shops will open subsequent week.

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