According to foreign media reports, Hyundai Kia Group and Family Energy are collaborating to develop Factorial's new car-grade solid-state battery. Hyundai Kia Group and Factorial Energy will integrate Instrumental technology at the battery, module and system levels for vehicle-level integration.
In June 2021, foreign media reported that solid-state battery technology company Factorial Energy launched its first 40Ah solid-state battery, which can be used in electric vehicles and other applications. Factorial's breakthrough technology is based on THE FACTORIAL Electrolyte System Technology™, which utilizes proprietary solid electrolyte materials that enable solid-state batteries to maintain safe and reliable performance under conditions of high voltage and high energy density.
Testing of 40Ah batteries at 25°C showed that after 675 cycles, the battery capacity retention rate was 97.3%. This material is safer than traditional lithium-ion technology. Replacing the combustible liquid electrolyte with a safer and more stable solid electrolyte can inhibit the formation of lithium dendrites on the negative electrode of lithium metal. Increase range by 20-50% without sacrificing battery pack life.
Joe Taylor, Factorial's new executive chairman, said: "Our technology can be easily integrated into existing lithium-ion battery manufacturing infrastructure. As a result, we can quickly reach a partnership with electric vehicle manufacturers. Hyundai said: "The new battery is not only more outstanding, but its cost is similar to the lithium-ion battery used today." "However, exactly when mass production and loading and delivery on a large scale are still unknown.