POSCO Future M bets on US solid-state battery firm Factorial

POSCO Future M said Tuesday it has made a strategic investment in U.S.-based solid-state battery developer Factorial to secure an early foothold in the next-generation battery market. The company said it signed an investment agreement with Factorial on Jan. 7 and completed the capital injection on Monday. The investment builds on a memorandum of understanding the two companies signed in November to jointly develop all-solid-state battery technology, further strengthening their partnership. All-solid-state batteries replace the liquid electrolyte in conventional lithium-ion batteries with a solid material, making them safer and capable of storing more energy and charging faster. The technology is widely seen as a potential game changer for electric vehicles and robotics. POSCO Future M said the investment will help it prepare for the rapid growth of the solid-state battery market, while Factorial expects to secure a stable supply of high-quality battery materials and enhance its manufacturing competitiveness. Headquartered in Massachusetts, Factorial is regarded as a leading player in theWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times