WOBURN, Mass. & TOKYO--(BUSINESS WIRE)--Factorial Inc. (Factorial), an industry leader in the development of solid-state battery technology for electric vehicle (EV) applications, today announced a new presence in Japan. Factorial’s presence in Japan follows a recent announcement of the opening of a new office in South Korea as part of Factorial’s growth and investment in the Asian market.
Establishing this presence in Japan grounds Factorial firmly in the region and enables greater collaboration and relationship management with key Japanese suppliers and other key partners, as well as providing access to experienced battery talents. “Japan is at the forefront of solid-state battery and materials development, and growing our talent and supplier relationships is crucial for Factorial to maintain a leading position in the global development of solid-state EV battery technology,” said Siyu Huang, CEO of Factorial.
Factorial is developing the next generation of battery technology for electric mobility. The company has existing relationships with automakers Mercedes-Benz AG, Stellantis N.V., and Hyundai Motor Company to develop safer and higher-performance solid-state EV battery cells for future passenger and commercial vehicles.
About Factorial Inc.
Based in Woburn, Mass., Factorial Inc. is developing breakthrough solid-state batteries that offer longer range per charge and increased safety and aim to be cost competitive with conventional lithium-ion batteries. The company’s proprietary FEST™ (Factorial Electrolyte System Technology) leverages a solid electrolyte material, which has the potential to enable safe and reliable cell performance with high-capacity cathode and anode materials. FEST™ has been scaled in 40Ah cells, works at room temperature, and is compatible with existing lithium-ion battery manufacturing equipment. The company has entered into joint development agreements with Mercedes-Benz, Stellantis, and Hyundai Motor Company. More information can be found at www.factorialenergy.com.