www.altenergy.news

Factorial Energy and Lg Chem Sign Mou to Accelerate Solid State Battery Development

Two next-generation battery material and cell manufacturers are cooperating to expedite solid-state battery developmentTwo next-generation battery material and cell manufacturers are cooperating to expedite solid-state battery development.
Electrek 5:46 am on May 5, 2024

Factorial Energy, a solid-state battery developer based in Massachusetts, and LG Chem have signed an MOU to collaborate on accelerating the development of solid-state batteries. Both companies aim to lead the segment by combining Factorial's next-generation battery material and process innovations with LG Chem's expertise in battery materials (

Expertise in battery materials from both companies

). The collaboration is expected to advance the development of critical solid-state technology for electric vehicles, with potential technology licensing and material supply as part of their expanded strategic partnership (

Advancing solid-state battery technology

). LG Chem's CTO Jong-ku Lee believes this collaboration will make them technology leaders in next-generation batteries, securing solid-state materials through Factorial's experience and LG Chem's superior material technology (

Securing essential materials for FEST

). **
https://electrek.co/2024/04/24/factorial-energy-lg-chem-sign-mou-solid-state-battery-development/

< Previous Story - Next Story >

Factorial Energy and Lg Chem Sign Mou to Accelerate Solid State Battery Development

Categories