Global law firm Norton Rose Fulbright has advised ProLogium Technology on Mercedes-Benz’s high double-digit million EUR investment to fund development by ProLogium of next-generation battery cells for electric vehicles.
ProLogium is a global leader in innovative next generation battery technologies for vehicle, consumer and industrial applications. With this investment and the related cooperation, the first Mercedes-Benz test vehicles equipped with solid-state batteries co-developed with ProLogium are expected to be introduced in the coming years.
This transaction and our work alongside the ProLogium team demonstrates our commitment to clients to contribute to the global energy transition.
The Norton Rose Fulbright team was led by Hong Kong Private Equity and M&A partner Peggy Wang.
Peggy Wang commented: “We’re delighted to assist ProLogium on this significant investment by Mercedes-Benz. This investment and related cooperation will have a profound impact in the industry and play an important role in furthering the parties’ relationship and supporting their sustainability objectives.”