The newly-formed strategic partnership between solid-state battery specialist Factorial and global battery manufacturer SK On aims to accelerate the market launch of its FEST technology, which is currently being tested in real-world applications, including with the Stellantis brand Dodge. The two companies have signed a memorandum of understanding to jointly evaluate the technical feasibility and integration of solid-state cells into SK On’s existing lithium-ion production lines. The focus is on leveraging the South Korean group’s global manufacturing capabilities to scale Factorial’s FEST technology industrially.
SK On has an annual production capacity of over 200 gigawatt-hours worldwide and operates significant manufacturing facilities not only in South Korea but also in the USA. The cell manufacturer’s established automotive customers include major groups such as the Hyundai Motor Group, Ford, Volkswagen and Ferrari. Through this collaboration, Factorial aims to adopt a capital-efficient approach to industrialisation and utilise existing industrial infrastructure.
In a statement, Factorial founder and CEO Siyu Huang emphasised:”A battery breakthrough only matters if it can be manufactured at scale”. And, indeed, SK On’s global production facilities and expertise are crucial for integrating solid-state technology into global production ecosystems. The agreement highlights Factorial’s strategy of minimising the time and financial investment required for factory construction by collaborating with established industry leaders.
