USA: Factorial Energy opens solid-state battery development and production site
Factorial Energy, the US developer of solid-state battery cells backed by Mercedes-Benz, Stellantis and Hyundai-Kia, has opened its manufacturing facility in Methuen, a Massachusetts suburb of Boston. It has space to assemble batteries with an annual capacity of up to 200 MWh and is expected to create 150 jobs.
The company invested 50 million dollars in the facility – around five million more than planned. Factorial is also behind its announced schedule. Initially, the plant was to be operational by early 2023.
The approximately 6,225-square-foot building houses a pilot production facility for its solid-state batteries. Factorial first announced the construction of the facility last August. It is located close to Factorial’s Research and Development facility and “is expected to be the largest solid-state battery assembly line in the US.”
“This facility will enable us to manufacture cells to meet the needs of our automotive partners and progress our mission to commercialize solid-state batteries,” says Factorial CEO Siyu Huang. “As a US company, we’re also proud to contribute to the onshoring of battery manufacturing for EVs and advancement of battery innovation for a differentiated supply chain.”
“Automaker demand for American-made batteries is high to produce electric or hybrid vehicles that qualify for incentives,” says Joe Taylor, Executive Chairman of Factorial. “Our facility will manufacture automotive-sized solid-state batteries at pre-production speed and volume, illuminating a clear path to mass production and reaching economies of scale.”
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