Taiwanese company ProLogium is seeking a European site for an $8 billion battery factory.


ProLogium has tasked Accuracy with finding a location for the plant, which is expected to have a capacity of 120 gigawatt hours (GWh) to power electric vehicles (EVs) and employ thousands of people, the consultancy said.

The plant will be built over the next decade.

The consultancy did not provide a deadline for ProLogium’s decision on the location of the plant.

Solid-state batteries could be a game-changer for EVs, as they should be able to store more energy, charge faster and offer greater safety than liquid lithium-ion batteries, helping to speed up the Abandoning Fossil Fuel Cars.

Last year, ProLogium raised $326 million in its latest funding round which included investments from Primavera Capital Group, SoftBank China Venture Capital and others.

ProLogium and Mercedes-Benz are jointly developing solid-state batteries, and the German premium carmaker has invested in the battery maker.



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