![]() At the same time, the company is constructing and extending its global battery production network on three continents. In its two business segments, Mercedes-Benz AG is continually expanding its worldwide production network with around 35 production sites on four continents, while gearing itself to meet the requirements of electric mobility. Mercedes-Benz AG is one of the world's largest manufacturers of luxury passenger cars. Furthermore, the company aspires to be the leader in the fields of electric mobility and vehicle software. The company focuses on the development, production and sales of passenger cars, vans and vehicle-related services. Mercedes-Benz AG is responsible for the global business of Mercedes-Benz Cars and Mercedes-Benz Vans, with over 170,000 employees worldwide. More information can be found at About Mercedes-Benz The company has received strategic investments from, and entered into Joint Collaboration Agreements with, Mercedes-Benz, Stellantis, Hyundai Motor Company and Kia Corporation. FEST™’s electrolyte has been successfully scaled in 40Ah cells, works at room temperature, and can utilize the majority of existing lithium-ion battery manufacturing equipment. The company’s proprietary FEST™ (Factorial Electrolyte System Technology) leverages a solid electrolyte material, which enables safe and reliable cell performance with high-capacity cathode and anode materials. “Initiatives like these will yield a faster time to market and more cost-effective transition to solid-state technology.”įactorial’s collaboration agreements with leading global automotive manufacturers, including Hyundai Motor Company, Kia Corporation, Stellantis and Mercedes-Benz, are a significant validation of its technology and a springboard for commercialization in vehicles around the world.īased in Woburn, Massachusetts, Factorial Energy has developed breakthrough solid-state batteries that offer 20 to 50 percent longer range per charge, increased safety, and cost competitive with conventional lithium-ion batteries. “Our investment in Factorial and other highly recognized battery partners boosts the speed and agility needed to provide cutting-edge technology for our electric vehicle portfolio,” said Stellantis CEO Carlos Tavares. Earlier this year, Factorial became the first to reach the 40 Amp-hour benchmark with a solid-state cell that works at room temperature, demonstrating the scalability of the FEST™ electrolyte. The continuous development of innovative battery technologies will make electric mobility even more attractive for our customers.”įactorial’s advances are based on FEST™ (Factorial Electrolyte System Technology), which leverages a proprietary solid electrolyte material that enables safe and reliable cell performance with high-voltage and high-capacity electrodes at room temperature. We share the common vision of CO2 neutrality. “With this cooperation, we combine Mercedes-Benz's expertise in battery development and vehicle integration with the comprehensive know-how of our partner Factorial in the field of solid-state batteries. To this end, we are investing a high double-digit million dollar amount in Factorial,” said Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG and responsible for Daimler Group Research and Mercedes-Benz Cars COO. With Factorial as our new partner, we are taking research and development in the field of promising solid-state batteries to the next level. ![]() We will also play a leading role in the field of battery technology. “By accelerating our Mercedes-Benz strategy towards 'Electric Only', we have set the course for a fully electric future. Its drop-in compatibility with existing lithium-ion battery manufacturing infrastructure reduces costs and the complexity of changing to a different battery technology for auto manufacturers. “With our new partners we can develop batteries that not only enable safer and longer driving range vehicles, but that are also compatible with conventional lithium-ion battery manufacturing environments.”įactorial’s technology offers a high level of operational safety and extends driving range by 20 to 50 percent, addressing two key factors to broad consumer adoption. “These partnerships will accelerate our ability to commercialize our core technology,” said Factorial Energy CEO Siyu Huang, Ph.D. (NYSE / MTA / Euronext Paris: STLA), each of whom is also making a strategic investment in the company. 30, 2021 (GLOBE NEWSWIRE) - Factorial Energy (Factorial) has entered into Joint Collaboration Agreements with both Mercedes-Benz (DAI) and Stellantis N.V. ![]()
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