![]() ![]() With a lithium-metal anode, Factorial’s batteries require a different recycling process than traditional lithium-ion battery recycling. The company has investments and joint development agreements with Mercedes-Benz, Stellantis, and Hyundai. Through our partnership with Young Poong, Factorial is poised to shape a future characterized by a resilient supply chain for solid-state batteries, thereby helping to drive the growth and sustainability of the EV industry.”įactorial’s patented FEST ® powered lithium-metal solid-state batteries have the potential to revolutionize the battery industry by providing safer and up to 50% higher energy density batteries compared to lithium-ion batteries. “We are deeply invested in advancing technologies that foster a circular economy. “Our core mission to advance sustainable mobility extends beyond EV battery manufacturing,” said co-founder and CTO Alex Yu. ![]() The collaborative project will include the recycling of excess material from Factorial’s current pilot manufacturing operations and future production and manufacturing facilities. Young Poong will use the material to develop a process for recycling lithium-metal that has the ability to be reused and integrated into Factorial’s solid-state batteries, enabling a circular economy. (Factorial), an industry leader in the development of quasi-solid-state battery technology for electric vehicle (EV) and storage applications, today announced a new partnership with Young Poong, a non-ferrous metal smelting and refining company in South Korea, to invest in research into lithium-metal recycling for solid-state batteries.įactorial will provide Young Poong with excess lithium-metal material from its battery manufacturing process. WOBURN, Mass.-( BUSINESS WIRE)- Factorial Energy Inc. ![]()
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