Norton Rose Fulbright advises ProLogium on strategic investment by POSCO

Global law firm Norton Rose Fulbright has advised ProLogium Technology (“ProLogium”) on a USD investment by POSCO Holdings (“POSCO”) in its business to supply and develop core materials for next-generation battery cells for electric vehicles. 

ProLogium is a global leader in innovative next generation battery technologies for vehicle, consumer and industrial applications. The cooperation between ProLogium and POSCO will co-develop cathode materials, silicon cathode materials, solid electrolytes for solid-state batteries, and establish a global supply system.

The Norton Rose Fulbright team was led by Hong Kong private equity and M&A partner Peggy Wang. Peggy also led the team in relation to the strategic investment made by Mercedes-Benz in ProLogium earlier in the year.

Peggy Wang commented: “We’re delighted to assist ProLogium on another notable investment that will have a significant impact on the growth of the EV industry. This transaction marks our continued support of our clients as they navigate and drive the energy transition.”