POSCO Future M introduced on Dec. 4 that it signed a memorandum of understanding (MOU) with Factorial Power, a U.S. solid-state battery firm, on Nov. 25 on the Future Battery Discussion board held in Berlin, Germany, for strategic cooperation in solid-state battery know-how improvement.
Headquartered in Massachusetts, Factorial is a number one firm within the solid-state battery business. In South Korea, it continues its enterprise by working a solid-state battery pilot plant in Cheonan, South Chungcheong Province. POSCO Future M emphasised that its superior high quality competitiveness in contrast with different supplies producers contributed to the partnership. Factorial had examined cathode-material samples for solid-state batteries from a number of suppliers, and POSCO Future M’s supplies have been assessed as superior in output traits.
By way of this settlement, POSCO Future M plans to additional strengthen its competitiveness within the solid-state battery supplies enterprise. The corporate is at the moment conducting analysis and improvement on cathode supplies and silicon anode supplies for solid-state batteries.
Hong Younger-jun, head of the Know-how Analysis Middle at POSCO Future M, stated, “Based mostly on Factorial’s battery know-how and its market presence with international automakers, and the aggressive strengths of POSCO Future M’s cathode and anode supplies, we count on vital synergy within the next-generation solid-state battery enterprise.”
Factorial CEO Siyu Huang stated, “Stable-state batteries are coming into a brand new part towards industrial manufacturing,” including, “POSCO Future M’s cooperation will speed up innovation of core supplies, together with cathode and anode supplies, whereas additionally strengthening the worldwide provide chain and contributing to price discount.”
