Factorial Energy and LG Chem have recently announced their collaboration to expedite the advancement of solid-state battery materials. Their partnership aims to combine the strengths of both companies in order to “secure future competitive advantages.” Once the project reaches its successful completion, Factorial and LG Chem will then proceed with negotiations on technology licensing and material supply.
Factorial Energy, a prominent developer of solid-state battery cells based in the United States, has garnered support from industry giants such as Mercedes-Benz, Stellantis, and Hyundai-Kia. Their first development and production facility, located near Boston, is equipped with a capacity of 200 MWh, making it the largest solid-state battery production line in the country. The construction of this facility was made possible by a USD 200 million financing round led by Mercedes-Benz and Stellantis earlier this year.
Factorial’s groundbreaking technology, known as ‘FEST’ (Factorial Electrolyte System Technology), has the potential to reshape the electric vehicle landscape by significantly reducing weight, increasing range, shortening charging time, and enhancing safety.
LG Chem, the new partner in this collaboration, is a prominent South Korean chemical group and the parent company of battery specialist LG Energy Solution. Beyond its core business in cathode materials, LG Chem also manufactures separators, conductive materials, and binding agents. The group actively engages in research and development initiatives and external collaborations to strengthen its capabilities in next-generation battery technology.
Jong-ku Lee, CTO of LG Chem, expressed enthusiasm about the collaboration, stating, “Through this partnership, we will establish ourselves as technology leaders in the field of next-generation batteries. Factorial’s expertise in next-generation batteries, combined with LG Chem’s superior material technology, will enable us to secure solid-state materials.”
Factorial CEO Siyu Huang echoed this sentiment, emphasizing the importance of supply chain partnerships to drive innovation in the electric vehicle industry. “We are excited to collaborate with LG Chem, a global leader in battery materials. Together, we are advancing the development of critical solid-state battery technology that will unlock the future of electric vehicles.”
This strategic partnership between Factorial Energy and LG Chem holds great promise for the advancement of solid-state battery technology. With their combined expertise and resources, they are poised to accelerate the transition towards more efficient and powerful electric vehicles.
An FAQ section based on the main topics and information presented in the article:
1. What is the collaboration between Factorial Energy and LG Chem?
Factorial Energy and LG Chem have announced their collaboration to expedite the advancement of solid-state battery materials. They aim to combine their strengths to secure future competitive advantages. The collaboration includes technology licensing and material supply negotiations.
2. What is Factorial Energy’s background in solid-state batteries?
Factorial Energy is a prominent developer of solid-state battery cells based in the United States. They have received support from industry giants such as Mercedes-Benz, Stellantis, and Hyundai-Kia. Their first production facility near Boston is the largest solid-state battery production line in the country with a capacity of 200 MWh.
3. What is Factorial Energy’s groundbreaking technology?
Factorial Energy’s groundbreaking technology, known as ‘FEST’ (Factorial Electrolyte System Technology), has the potential to reshape the electric vehicle landscape. It aims to reduce weight, increase range, shorten charging time, and enhance safety.
4. Who is LG Chem?
LG Chem is a prominent South Korean chemical group and the parent company of battery specialist LG Energy Solution. They are engaged in various aspects of battery manufacturing, including cathode materials, separators, conductive materials, and binding agents. The company actively collaborates to strengthen its capabilities in next-generation battery technology.
5. What did the CTO of LG Chem say about the collaboration?
The CTO of LG Chem, Jong-ku Lee, expressed enthusiasm about the collaboration. He mentioned that through this partnership, they aim to establish themselves as technology leaders in the field of next-generation batteries. The combination of Factorial’s expertise in next-generation batteries and LG Chem’s superior material technology will help them secure solid-state materials.
6. What did the CEO of Factorial Energy say about the collaboration?
Factorial CEO Siyu Huang emphasized the importance of supply chain partnerships in driving innovation in the electric vehicle industry. They are excited to collaborate with LG Chem, a global leader in battery materials, to advance solid-state battery technology and unlock the future of electric vehicles.
Definitions for key terms or jargon used within the article:
– Solid-state battery: A type of battery that uses solid-state electrolytes instead of liquid or gel electrolytes found in traditional lithium-ion batteries.
– Technology licensing: The process of granting or obtaining permission to use certain technology, intellectual property, or know-how under specific terms and conditions.
– Material supply: The provision of materials required for production or operation.
– Cathode materials: The positive electrode in a battery that stores and releases electrons during the charging and discharging process.
– Separators: A non-conductive material placed between the positive and negative electrodes in a battery to prevent short circuits.
– Conductive materials: Materials with high electrical conductivity that allow the flow of electric current.
– Binding agents: Materials that hold the active materials in a battery electrode together, providing structural integrity.
Suggested related links:
– Factorial Energy website
– LG Chem website
The source of the article is from the blog rugbynews.at