The funding will enable ProLogium’s ‘Prometheus’ research and development project to pioneer advanced solid-state batteries for electric vehicles and establish a 48 GWh gigafactory in Dunkirk, France.<\/p>\n
Investment in the electric vehicle battery plant<\/a> and technology has reached \u20ac5.2bn, with the EU funding covering Prometheus’ research and development until 2029. The project will help to drive the\u00a0EU battery strategy<\/a>.<\/p>\n The technical results of the project will be shared by ProLogium, which will collaborate with local industry, academia and customers based on Fair, Reasonable and Non-discriminatory (RAND) conditions and mutual benefits to advance batteries for electric vehicles across the industry.<\/p>\n Commenting on the development, Vincent Yang, Founder and CEO of ProLogium, said: “The team at ProLogium is thrilled to receive this good news from the European Commission.<\/p>\n “Over the course of an extensive year-long review, our expansion plan, technology, and manufacturing capabilities underwent strict scrutiny by experts.<\/p>\n “The approval of this substantial grant is a testament to ProLogium’s potential contribution to achieving Net Zero in France and Europe, as well as the value of our innovative solutions.<\/p>\n “We would like to express our deepest gratitude to the EU and French governments for their unwavering trust and support.<\/p>\n “This grant will serve as a powerful financial backing for ProLogium’s Gigafactory project, empowering us to make steady progress in Dunkirk towards our goal: implementing local supply and manufacturing for European OEM customers.”<\/p>\n The Prometheus project will advance batteries for electric vehicles by developing ‘first generation’ solid-state batteries that overcome some of the limitations of their lithium-ion counterparts.<\/p>\n The project will also create ‘second generation’ solid-state batteries for electric vehicles with enhanced density and sustainability.<\/p>\n Furthering this sustainability endeavour, Prometheus will innovate recycling techniques<\/a> for solid-state batteries and battery components and contribute to developing recycling standards for the industry.<\/p>\nHow will Prometheus advance batteries for electric vehicles?<\/h3>\n