Momentum builds for Factorial solid-state batteries with OEM deals
Mercedes-Benz, Stellantis, and Hyundai/Kia have gotten behind Factorial Energy’s breakthrough solid-state technology, which addresses key issues of driving range and safety, with what it says is the first 40-Ah solid-state battery cell for EVs and other applications.
Solid-state battery technology company Factorial Energy announced yesterday that it has entered into joint collaboration agreements with both Mercedes-Benz and Stellantis N.V., each of whom is also making a strategic investment in the company. Just a few days earlier, Factorial, Hyundai Motor Co., and Kia Corp. announced that they are partnering to test Factorial’s solid-state battery technology and its integration in Hyundai electric vehicles (EVs). That announcement was Woburn, MA-based Factorial’s first major strategic investment from a major automotive OEM group and deepens its existing research relationship with Hyundai.
“These partnerships will accelerate our ability to commercialize our core technology,” said Factorial Energy CEO Siyu Huang, Ph.D. “With our new partners we can develop batteries that not only enable safer and longer driving range vehicles, but that are also
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