본문 바로가기
bar_progress

Text Size

Close

Investment in EV Advanced Materials Prologium, Gigafactory Announcement with French President Macron

EV Advanced Materials, an investor in the Taiwanese solid-state battery company ProLogium, announced that ProLogium will establish a solid-state battery factory in France.


On the 12th (local time), French President Emmanuel Macron and ProLogium CEO Vincent Yang met in Dunkirk, France, to announce plans for the establishment of a gigafactory.


The ProLogium solid-state battery factory to be built in Dunkirk, northern France, which is emerging as a European electric vehicle battery cluster, will involve an investment of 5.2 billion euros (approximately 7.5 trillion KRW) and is scheduled to begin operations in 2026. By 2031, it plans to secure a production capacity of 60 GWh, capable of supplying batteries for about 750,000 vehicles annually.

Investment in EV Advanced Materials Prologium, Gigafactory Announcement with French President Macron French President Macron and CEO Vincent Yang at the Dunkirk presentation site. / Photo by EV Advanced Materials

Vincent Yang, CEO and Chairman of ProLogium, said regarding the location decision of the gigafactory, “We chose Dunkirk considering proximity to customers along with many electric vehicle factories located in Northern Europe and the full support of the French government. This is more than just a gigafactory; we are also thinking about procurement and localization of key materials as well as a research and development center.”


He also stated, “Europe is a good market with increasing demand for electric vehicles, and the European Union’s commitment to ban the sale of new internal combustion engine vehicles by 2035 has enabled stable investments for international battery manufacturers. This has significantly reduced the risk of policy changes in individual countries, which is neutral in that it is supranational and not affected by national elections.”


ProLogium, a leading company producing oxide-based solid-state batteries, has grown into a global solid-state battery company by focusing on research, development, and production since its establishment in 2006, gaining recognition for its specialized technology. It currently provides sample cells to global automakers and collaborates with Germany’s Daimler Group, Taiwan’s Gogoro, China’s NIO, and Vietnam’s VinFast, expanding its global supply chain. With its outstanding technology, it has received investments from SoftBank China Venture Capital, CRFM, and Mercedes-Benz, and domestically, EV Advanced Materials and POSCO Holdings have invested in the company.


An official from EV Advanced Materials stated, “Our company has been continuously striving for the growth of the FPCB business while steadily expanding our business area into the electric vehicle market, making strategic investments in technologically advanced companies such as ProLogium and Lithium Plus. Going forward, we will continue to expand our business efforts to secure key materials such as lithium and copper in the secondary battery business sector.”


© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Special Coverage


Join us on social!

Top