Factorial Energy establishes European subsidiary in Germany to boost solid-state battery technology.
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Factorial Energy establishes European subsidiary in Germany to boost solid-state battery technology.

This expansion will provide Factorial Energy access to advanced automotive expertise and prestigious universities for future team build-out and customer validation and testing.

Factorial Energy, a leading company in the development of solid-state battery technology for electric vehicles (EVs), has announced the establishment of a new European subsidiary in Germany. The move will enable Factorial to enhance its service offerings to its automotive partners and customers in the region.

Factorial has already formed joint development agreements with several automotive giants, including Mercedes-Benz, Stellantis, and Hyundai, with the goal of ramping up the production of its solid-state battery technology. The company believes that this technology is safer and more energy-dense than current lithium-ion battery technology, and is well-positioned to become the next generation of power sources for EVs.

The new location in Germany will enable Factorial to continue building strategic relationships and working closely with key European suppliers and manufacturing partners. Additionally, the expansion will provide access to the region’s advanced automotive expertise and prestigious universities and institutions, which will support the company’s future team build-out to aid in customer validation and testing.

The establishment of the European subsidiary is the latest step in Factorial’s global expansion strategy. The company announced operations in South Korea and Japan last year, which have contributed to its growing global footprint.

Siyu Huang, CEO and Co-founder of Factorial, said: This is an exciting step in Factorial’s strategic global expansion. We will be on the ground floor as the European Commission considers new regulations around battery sustainability, including the Battery Passport and Green Deal initiatives, to accelerate EV adoption. The local presence will keep us in close proximity to our automotive partners and put us in a position to maneuver legislative policies in Europe. We look forward to our continued development as we work towards becoming a leader in the solid-state battery space.

Also Read: Fisker Ocean Extreme sets new range record in Europe; achieves WLTP range of 707 km/440 UK miles.

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