Taiwan Solid State battery maker Prologium received tens of millions of dollars in investment from Mercedes. Chinese EV maker NIO Inc said it would deliver its ET7 sedan equipped with a 150-kilowatt-hour battery pack featuring solid-state cells from the fourth quarter of 2022. ProLogium said it aims to accelerate development of a new plant by the end of 2022 to move toward mass production of its solid-state battery.
In October, Prologium raised $326 million in its latest funding round from investors including Primavera Capital Group and SoftBank China Venture Capital.
On February 26, 2022, Qingtao New Energy solid-state lithium battery had a ground breaking ceremony for a 5 billion yuan (US$792 million) solid state lithium battery factory in Kunshan Development Zone. The plan is to reach 10 billion watt-hours per year. They expect $158 million per year in revenue which implies selling for 1000 yuan ($158) per kilowatt hour.
SOURCES- Reuters, Seetao, Prologium
Written By Brian Wang, Nextbigfuture.com
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