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Thursday 28 October 2021
Hyundai, Kia and Factorial Energy to Jointly Develop Solid-State Batteries for Next Generation Electric Vehicles
Factorial Energy (Factorial), Hyundai Motor Company and Kia Corporation (collectively “Hyundai”) are partnering to test Factorial’s novel solid-state battery technology and its integration in Hyundai electric vehicles.
Under the Joint Development Agreement, which includes a strategic investment, the companies will integrate Factorial technology at the cell, module, and system levels, perform vehicle-level integration, and co-develop specifications for manufacturing Factorial’s batteries.
The announcement is Factorial’s first major strategic investment from a major automotive Original Equipment Manufacturer (OEM) group and deepens its existing research relationship with Hyundai.
Read the whole news on electriccarsreport.com