Factorial, LG Chem sign MOU for solid-state battery development

Two next-generation battery materials and cell producers are cooperating to expedite solid-state battery growth. LG Chem and Factorial Power have signed a Memorandum of Understanding, hoping to ultimately lead the solid-state battery section with a strategic partnership.

Factorial Power is a Massachusetts-based solid-state battery developer that has been growing energy-dense solid-state know-how for EV propulsion purposes. This contains its flagship product, the 100 Amp-hour (Ah) Factorial Electrolyte System Expertise (FEST) solid-state cell.

This proprietary battery know-how is appropriate with current lithium-ion battery manufacturing tools, enabling automakers to transition to the superior cells extra seamlessly.

These solid-state cells have been UN-certified, and A-sample battery cells have been despatched to OEM companions. All whereas Factorial continues cell manufacturing at a brand-new facility in its house state. In the meantime, LG Chem has invested billions in battery materials growth, significantly these required in cathodes, together with solid-state cells, whereas establishing its personal US services following a long-term provide contract signed with Common Motors.

Now, LG Chem and Factorial are combining their respective experience in battery supplies and manufacturing practices to hurry up solid-state battery growth and implementation.

LG Chem and Factorial to mix solid-state know-how

To speed up the event of solid-state batteries, LG Chem and Factorial Power say they may collaborate, pairing the previous’s battery materials capabilities with the latter’s next-generation battery materials and course of improvements. Per Factorial CEO Siyu Huang:

We’re thrilled to enter into this collaboration with LG Chem, one of many pre-eminent international leaders in battery supplies. The electrical automobile trade is on the cusp of a much-needed breakthrough in battery know-how, and we imagine that shut provide chain partnerships will assist speed up this transition. Along with LG Chem, we’re advancing the event of crucial solid-state battery know-how that may unlock the electrical automobile future.

Following the preliminary solid-state growth mission, LG Chem and Factorial acknowledged they’d discover know-how licensing and materials provide as a part of an expanded strategic partnership with hopes of taking the market. LG Chem CTO Jong-ku Lee additionally spoke to the signed MOU:

By way of this collaboration, we are going to grow to be know-how leaders within the discipline of next-generation batteries. We count on to safe solid-state supplies by Factorial’s amassed expertise in next-generation batteries and LG Chem’s superior materials know-how.

Particulars of the brand new partnership stay mild at this level, however this has the makings of a profitable partnership, as Factorial can profit from LG Chem’s cathode and different battery materials experience. On the similar time, LG Chem can efficiently provide important supplies to Factorial’s FEST solid-state cells, particularly as they develop towards scaled manufacturing.