Factorial, a leader in solid-state battery innovation, and POSCO Future M, a key supplier of advanced battery materials, signed a memorandum of understanding (MOU). They will work together to develop next-generation all-solid-state battery technology.
The MOU was signed at the Future Battery Forum in Berlin. Hong Young-Jun, Head of Technology Research at POSCO Future M, and Siyu Huang, CEO of Factorial, attended. Senior leaders from both companies also attended.
Both companies can now work together on all-solid-state battery materials. This partnership could change electric mobility, robotics, and energy storage systems. This innovative technology will transform industries. All-solid-state batteries use solid electrolytes instead of liquids. This change boosts safety, increases energy density, and speeds up charging. They outperform traditional lithium-ion batteries in these areas.
Factorial moved forward with the MOU after testing POSCO Future M’s cathode material. The tests showed it’s suitable for all-solid-state applications. The results indicated strong rate capability, highlighting the potential for deeper collaboration.
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This partnership supports POSCO Future M’s goal to lead in next-gen battery materials. The company is advancing research on cathode materials for all-solid-state batteries and silicon anodes. The larger POSCO Group is exploring lithium metal anodes. They are also looking into sulfide-based solid electrolytes.
POSCO Future M Head of Technology Research Laboratory Hong Young-Jun said, “We expect synergy in the next-generation all-solid-state battery business based 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 entering a new era of commercial readiness,” said Siyu Huang, CEO of Factorial. “We expect work with POSCO Future M to not only accelerate innovation in critical cathode and anode materials, but also strengthen a resilient global supply chain and drive meaningful cost reductions at scale.”
Factorial, headquartered in Massachusetts, USA, continues to expand its global operations, including pilot manufacturing capabilities in Cheonan, Chungnam, South Korea.
POSCO Future M plans to create a full range of cathode and anode materials. These will be designed for entry-level, standard, and premium electric vehicles. With ongoing R&D and support from POSCO Holdings N.EX.T Hub, the company wants to speed up the development of next-generation materials. This will help strengthen its role in shaping future mobility.