Factorial Energy, a solid-state battery technology specialist for electric vehicle (EV) applications, has announced the establishment of a European subsidiary in Germany. Factorial says its presence in Europe will allow the company to better serve its automotive partners and customers.
Factorial has joint development agreements with Mercedes-Benz, Stellantis, and Hyundai with the goal to accelerate production of Factorial’s solid-state battery technology, which the company believes is safer and more energy dense than current lithium-ion battery technology.
“This is an exciting step in Factorial’s strategic global expansion,” said Siyu Huang, CEO and Co-founder of Factorial. “We will be on the ground floor as the European Commission considers new regulations around battery sustainability, including the Battery Passport and Green Deal initiatives, to accelerate EV adoption. The local presence will keep us in close proximity to our automotive partners and put us in a position to maneuver legislative policies in Europe. We look forward to our continued development as we work towards becoming a leader in the solid-state battery space.”
Factorial says the new location will enable the company to continue to build strategic relationships and work closely with key European suppliers and manufacturing partners.
Additionally, this expansion provides access to the region’s advanced automotive expertise and prestigious universities and institutions for future team build-out to support customer validation and testing.
Factorial announced operations in both South Korea and Japan last year.
Based in Woburn, Massachusetts, Factorial Energy is developing solid-state batteries that it says offer longer range per charge and increased safety and – it aims to be cost competitive with conventional lithium-ion batteries.
The company’s proprietary FEST (Factorial Electrolyte System Technology) leverages a solid electrolyte material, which has the potential to enable safe and reliable cell performance with high-capacity cathode and anode materials.
Denial of responsibility! Bulletin Reporter is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – admin@ bulletinreporter.com . The content will be deleted within 24 hours.