Mercedes-Benz Invests in ProLogium for Solid-State Battery – The two companies will deepen technology development cooperation. This is none other than looking for alternative car batteries other than Lithium-ion or the type of electric car battery that has been used by almost every manufacturer so far. The two companies will work together to develop solid-state batteries. This battery guarantees energy savings that are many times greater than the batteries that have been used in EVs. What kind of collaboration do they do? Here’s more.
Mercedes-Benz Invests in ProLogium for Solid-State Battery
Mercedes-Benz and ProLogium recently signed a technology cooperation agreement to support the sustainability of electric cars. The collaboration is none other than to develop the next generation of solid-state battery cells.
The German automaker will also make a high double-digit million EUR investment in ProLogium. Not only did they invest money, but they also took a seat on ProLogium’s board of directors.
This is actually the second deal for Mercedes-Benz, which recently invested in Factorial Energy, another solid-state battery developer.
In a press release, Mercedes-Benz’s investment will be used to support technology development. One of the things they are funding is ProLogium’s plan to build production capacity in Europe.
It is hoped that the first Mercedes-Benz test vehicles, equipped with a co-developed solid-state battery, will be introduced “in the coming years.”
It seems that the strategic goal is to launch the first model in the second half of the decade:
The companies also agreed on a milestone that will enable the integration of solid-state battery technology into various passenger vehicles in the second half of the decade.
Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG, Chief Technology Officer responsible for Development and Procurement, said:
“We believe that range and efficiency are the new industry benchmarks for electric cars. Solid-state technology helps reduce battery size and weight. This is why we partner with companies like ProLogium to ensure that Mercedes-Benz continues to make new breakthroughs in the automotive sector – for the benefit of our customers.”
Vincent Yang, CEO and Founder of ProLogium said:
“We have been working with Mercedes-Benz on testing our EV battery cells since 2016 and are excited to strengthen and expand our partnership. We look forward to working with Mercedes-Benz to demonstrate the effective application of our safe high-performance solid-state cell. batteries to meet Mercedes-Benz’s best quality standards. At ProLogium, we believe that innovative technology must be supported by production scalability. We look forward to upgrading our new plant by the end of 2022 and working with our customers towards successful mass production.”
Here’s a ProLogium presentation: