Factorial Energy, a U. S.
-based battery developer, has signed a Memorandum of Understanding (MoU) with South Korea's SK On to explore large-scale production of its advanced solid-state batteries.
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The partnership aims to assess the technical feasibility and manufacturing requirements for Factorial's FEST solid-state cells.
SK On operates extensive lithium-ion battery manufacturing facilities, which could be adapted to produce solid-state batteries at scale.
A Strategic Manufacturing Approach
Factorial has not focused on building its own factories. Instead, it develops battery technologies that can integrate into existing production lines.
“A battery breakthrough only matters if it can be manufactured at scale,” said Factorial CEO Siyu Huang. “That is what makes this partnership with SK On so significant.”
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Beyond automotive applications, the companies plan to target the mobility, high-performance, and energy storage markets.
Factorial's solid-state batteries are already being tested by Mercedes-Benz, Stellantis, and Karma Automotive.
Solid-state battery technology is seen as a potential game-changer for EVs, offering higher energy density and improved safety.
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Chinese and Japanese automakers, including Toyota, are also racing to commercialize solid-state cells.
