Stellantis NV and Factorial Energy announced a cooperative development agreement to improve Factorial's high voltage solid-state battery technology. Stellantis will also make a strategic investment under the terms of the agreement.
"Our investment in Factorial and other well-known battery partners boosts the speed and agility we require to bring cutting-edge technology to our electric car portfolio," Stellantis CEO Carlos Tavares stated. "Initiatives like these will allow for a quicker time to market and a less expensive move to solid-state technology."