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    Factorial Energy to set up EV Battery Manufacturing facility in Massachusetts

    Aug. 29, 2022
    Stellantis and Mercedes Benz-backed Factorial Energy will establish an advanced manufacturing facility in Methuen, Massachusetts. It hopes to introduce the first competitive solid-state EV battery system by 2026
    Image credit Factorial Energy
    Factorial Energy Solid State Battery 630cbf49179e5

    Stellantis and Mercedes Benz-backed Factorial Energy will establish an advanced manufacturing facility in Methuen, Massachusetts to produce its new solid-state battery cell technology for EVs.

    The site was secured with support from the Massachusetts Office of Business Development and the City of Methuen’s Economic and Community Development Department.

    Factorial Energy will invest $45 million to complete the buildout of the existing 67,000 square-foot building at the site that will then be home to Factorial’s pilot production facility. The manufacturing facility will make automotive-sized solid-state batteries at pre-production speed and volume. Operations are expected to begin early in 2023.

    Currently, Factorial Energy is working with automakers such as Hyundai, Mercedes-Benz and Stellantis to develop solid-state EV battery cells for passenger and commercial EVs. It hopes to introduce the first competitive solid-state EV battery system by 2026.

    “The collaboration between Factorial, the City of Methuen and the Commonwealth of Massachusetts has been extremely helpful and productive,” said Siyu Huang, CEO of Factorial. “Our relationship is a true partnership between our company and our community. We plan to continue building solid-state EV battery research and development facilities in New England and establish the region as a hub for electric mobility technology.”

    Earlier this year, the company announced a $200 million round of funding headed by investors Mercedes-Benz and Stellantis. In 2021, Factorial Energy announced partnerships with Kia and Hyundai.

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.