Korea-primarily based battery materials corporation, Posco Future M, and Factorial, an American solid-state battery technology expert, have signed a Memorandum of Understanding (MoU), for the development of all solid-state battery technology.
Under the MoU, the 2 corporations plan to explore cooperation in evolving materials for all-solid-state batteries, which can be powering progress in next-generation industries which include electric automobiles, robotics, energy storage systems and more. All-solid-state batteries use solid electrolytes in place of liquid between the cathode and anode, providing better protection, advanced energy density, and outstanding charging overall performance in comparison to conventional lithium-ion batteries.
Factorial selected to sign the MoU after testing out cathode material samples for all-solid-state batteries and concluding that Posco Future M’s materials showed proper rate capability.
By this MoU, Posco Future battery technology and market presence with global automakers, and Posco Future M’s competitiveness in cathode and anode materials.” M targets to similarly give a boost to its competitiveness in the all-solid-state battery materials business. The corporation is lately accomplishing R&D on cathode materials for all-solid-state batteries, and silicon anode materials, whilst the Posco Group is also persevering with R&D on lithium metal anode materials and sulphide-primarily based solid electrolytes.
Posco Future M’s Head of Technology Research Laboratory Mr. Hong Young-Jun said, “We anticipate synergy in the next-generation all-solid-state battery business based totally on Factorial’s battery technology and market presence with global automakers, and Posco Future M’s competitiveness in cathode and anode materials.”
“Solid-state batteries are getting into a new technology of commercial readiness. We anticipate work with POSCO Future M to not simplest boost innovation in important cathode and anode materials, but also enhance a resilient worldwide supply chain and drive meaningful value reductions at scale,” stated Ms. Siyu Huang, CEO of Factorial.
Factorial has lead production operations in Cheonan, Chungnam, South Korea. Meanwhile, POSCO Future M plans to construct a product portfolio of cathode and anode materials covering entry-level, preferred, and top rate electric vehicles.
The MoU is non-binding, except for certain customary binding pro visions. The phrases of the commercial partnership are anticipated to be set forth in definitive binding agreements.
