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Recently, Narada and Prologium signed an early authorization agreement in Hangzhou. We reached a preliminary agreement on the licensing of solid-state lithium battery production technology. It is expected to start operation after signing a formal cooperation agreement at the end of this year.
At the beginning of the cooperation, the two companies will be positioned in the solid-state lithium battery for energy storage applications. Prologium will provide production licenses to Narada, and will authorize solid-state battery cell production technology with an energy density of about 240Wh/kg to provide core equipment and materials for production. And assist in the planning and guidance of the plant.
Narada will become the exclusive authorized partner of Prologium in the energy storage market.
Based on Prologium 's high-automated production technology of solid-state batteries and market resources accumulated in the field of energy storage, Narada will gradually promote the industrialization of solid-state lithium batteries and plan to enter the electric vehicle market after commercialization of solid-state lithium batteries for energy storage.
Based on the advantages of safety and energy density, solid-state batteries have become an important direction for the development of lithium batteries in the future.
Through this strategic cooperation, the two parties will combine their respective superior resources to carry out all-round and in-depth cooperation from technology to business, in order to achieve mutual complementarity and achieve a win-win goal.