Factorial Energy, a US developer of solid-state battery cells backed by Mercedes-Benz, Stellantis and Hyundai-Kia, is coming to Europe. The company will open a European subsidy in Munich, Germany.
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Factorial Energy, the US developer of solid-state battery cells for electric cars backed by Mercedes-Benz, Stellantis and Hyundai-Kia, has begun construction of a new development and production facility.
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Mercedes-Benz and Stellantis have taken a stake in Factorial Energy, a US developer of solid-state battery cells. In addition to their financial participation, both carmakers have also agreed on development cooperations with Factorial Energy. Mercedes wants to launch a small series of batteries by the end of 2026.
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Factorial Energy, a US developer of solid-state battery cells, has announced a collaboration with Hyundai and Kia. The Korean carmaker will test Factorial’s solid-state batteries in its electric cars under a development agreement and make a strategic investment in Factorial.
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Factorial Energy, an American developer of solid-state cells that first unveiled its plans in April, has just reported on the initial results from its test runs. According to the report, it has succeeded in achieving a capacity retention rate of 97.3% after 675 cycles for a 40 Ah cell at 25 degrees Celsius.
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The American company Factorial Energy has announced a 40 Ah cell with solid electrolyte that is supposed to help electric cars increase their range by 20 to 50 per cent. The management team and investors of the as yet unknown company include some well-known names in the industry.
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