Battery technology company Factorial Energy has emerged from stealth mode with a 40Ah solid-state cell for electric vehicles and other applications.
The move follows Factorial naming Joe Taylor— the former chairman and CEO of Panasonic Corporation of North America— as its executive chairman as the company begins its next phase of growth in the EV market.
Dieter Zetsche, the former chairman of the board of management of Daimler AG and head of Mercedes-Benz, has also joined the company's advisory board.
Factorial’s CEO Siyu Huang, said: "For electric vehicles to capture more than just 4% of global car sales, buyers need to see dramatic price and performance improvements in the underlying battery systems.
“We are thrilled to be the first to reach the 40 Amp-hour benchmark for a solid-state cell.”
Factorial's total capital commitment to date exceeds $40 million, which will enable the company to scale commercial sampling over the next two years.
The company’s technology can be integrated into existing lithium-ion battery manufacturing infrastructure.
Its Factorial Electrolyte System Technology (FEST) proprietary material uses a solid-state electrolyte to suppress lithium dendrite formation on lithium-metal anodes.
Several unnamed “major global automotive partners” are validating Factorial's technology with the intent of integrating FEST into their existing supply chains.