Stellantis, one of the largest automotive groups in the world, has made a name for itself with the new investments made by its brands in electric vehicle product ranges. Stellantis has recently signed a strategic cooperation with Factorial Energy, which works on solid state battery technologies. The agreement covers the development of Factorial's high-voltage solid-state battery technology. This technology, which will further extend the driving range of electric vehicles, also allows to reduce costs.
Stellantis NV (NYSE / MTA / Euronext Paris: STLA) announced its new business partnership and strategic investment with Factorial Energy (Factorial), which operates in battery technologies. In this context, Stellantis, which signed a joint development agreement with the company to further develop Factorial's high-voltage solid-state battery technology, aims to take its electric vehicles even further in terms of range and speed. Announcing its goal of presenting the first solid state battery technology until 2026 in the EV (Electric Vehicles) program it organized last July, Stellantis reflected its first concrete steps with this agreement.
Extends the range of electric vehicles!
Factorial Energy solves the range and safety problems that prevent electric vehicles from being adopted by the masses with groundbreaking solid state technology. The company's technology in this regard is based on the FEST™ (Factorial Electrolyte System Technology) solution. Solution; It provides safe and reliable cell performance with high-voltage and high-capacity electrodes. It utilizes a proprietary solid electrolyte material that scales with 40Ah cells performing at room temperature. FEST™ is safer than traditional lithium-ion technology and also extends the driving range. It also has compatibility to be easily integrated into the existing lithium-ion battery production infrastructure.
Carlos Tavares, CEO of Stellantis, said: “Our investments in Factorial and other renowned battery partners provide the speed and agility needed to deliver cutting-edge technology for our electric vehicle portfolio. Initiatives like this will bring solid-state technology to market in less time and more cost-effectively.” Siyu Huang, Co-Founder and CEO of Factorial Energy, said: “It is a great honor for us to sign a partnership agreement with Stellantis, one of the leading global mobility providers that owns some of the world's most iconic automobile brands. "It's an incredible opportunity for us to drive mass market adoption of our clean, efficient and safe solid state battery technology."