ProLogium to Establish Its First Overseas Gigafactory

Investment in the new factory will total US$8bn over the next decade.

The factory is expected to be one of Europe's biggest gigafactories, with a three-phase construction and ultimately an annual capacity target of 120 GWh when the third phase is completed.

Accuracy says the competition between European countries to secure ProLogium's factory has been intense.

Both the construction and operation of the gigafactory are expected to generate substantial economic benefits for the chosen region, creating thousands of highly-skilled jobs both at the plant itself and within the supply chain.

Many governments in Europe have started initiatives to support the growth of electric vehicle batteries, putting green technology at the heart of their long-term economic plans. 

"For most Asian companies actively going abroad, one of the keys to success is a solid foundation rooted in strategic planning." Vincent Yang, Chief Executive Officer and Chairman of ProLogium Technology said. "Site selection requires not only the right technology and solutions for that market, but also in-depth knowledge of local market demands and trends. That's why we've chosen Accuracy as our advisor for one of our most important milestones."