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 […]