ProLogium, a leader in next-generation solid-state batteries, and Translational Development Acquisition Corp (TDAC), a special purpose acquisition company, have announced a definitive business combination agreement. Upon closing in the second half of 2026, ProLogium stated that the combined company will be named ProLogium Technology and is expected to trade on the Nasdaq under the ticker symbol "PRLG." The transaction values ProLogium at approximately US$3.8 billion on a pre-money, net cash-free basis.
In recent weeks, Stellantis, one of the world's five largest automakers, unveiled an ambitious five-year plan titled Fastlane 2030. At its core is a striking reallocation of capital: 60% of its EUR60 billion (approx. US$69.8 billion) investment program will be directed toward North America.
According to several people familiar with the matter, Contemporary Amperex Technology Limited (CATL), the world's largest maker of electric-vehicle (EV) batteries, is in talks to participate in a major financing round for the Chinese artificial intelligence (AI) start-up DeepSeek. The prospective investment highlights how China's AI boom is forging new alliances among technology firms, industrial companies, and energy providers, all competing to build the infrastructure required for the next generation of computing.
Foxtron has moved quickly to expand its electric-vehicle lineup, signaling an acceleration of Foxconn's ambitions in the global auto industry.
