Factorial, a solid-state battery technology company, has announced the establishment of a European subsidiary in Germany, with the aim of serving its automotive partners and customers more efficiently. This move follows the company’s joint development agreements with Mercedes-Benz, Stellantis, and Hyundai to speed up the production of their solid-state battery technology. The company believes their technology is safer and more energy dense than current lithium-ion battery technology.
According to Siyu Huang, CEO and Co-founder of Factorial, this expansion is an exciting step in the company’s strategic global expansion, and the local presence will enable them to be on the ground floor as the European Commission considers new regulations around battery sustainability, including the Battery Passport and Green Deal initiatives, to accelerate EV adoption. Furthermore, the company’s presence in Germany will enable them to be in close proximity to their automotive partners and maneuver legislative policies in Europe, which will aid their continued development and help them become leaders in the solid-state battery space.
The new location in Germany will allow Factorial to strengthen its strategic relationships and work closely with key European suppliers and manufacturing partners. Additionally, it will provide access to the region’s advanced automotive expertise and renowned universities and institutions to help build out the team to support customer validation and testing.
Last year, Factorial announced operations in South Korea and Japan, which have added to their global footprint. The move to establish a subsidiary in Germany is another significant step for the company in its quest to become a leading player in the solid-state battery technology space.
