POSCO Future M and U.S.-based Factorial Inc. have entered into a Memorandum of Understanding to collaborate on the development of all-solid-state battery technology. The MOU was signed during the Future Battery Forum in Berlin with POSCO Future M’s Head of Technology Research Laboratory Hong Young-Jun and Factorial’s CEO Siyu Huang in attendance.
Under the agreement, the two companies will jointly explore the development of key materials for all-solid-state batteries, which replace liquid electrolytes with solid counterparts to improve safety, energy density and charging performance. Factorial elected to partner after testing cathode material samples from multiple suppliers and confirming POSCO Future M’s formulations exhibited strong rate capability in prototype cells.
POSCO Future M is advancing research on cathode materials and silicon anode materials for solid-state applications. Meanwhile, the wider POSCO Group is conducting research on lithium metal anodes and sulfide-based solid electrolytes. Through the partnership, POSCO Future M aims to leverage its expertise in electrode materials while benefiting from Factorial’s proprietary cell technology and ties with global automakers.
“We expect significant synergy in next-generation all-solid-state battery business, combining Factorial’s cell technology and market presence with our strengths in cathode and anode materials,” said Hong Young-Jun. Siyu Huang added, “Solid-state batteries are entering a new era of commercial readiness. Working with POSCO Future M will accelerate innovation, enhance supply-chain resilience and drive cost reductions at scale.”
Factorial, headquartered in Massachusetts, operates a pilot manufacturing site in Cheonan, South Korea. POSCO Future M plans to expand its product portfolio across entry-level, standard and premium electric vehicles by continuing R&D efforts and leveraging the POSCO Holdings N.EX.T Hub research institute. The company also intends to pursue next-generation materials to support future mobility applications.
The MOU is non-binding except for customary provisions related to confidentiality and exclusivity. The companies expect to formalize commercial terms in definitive agreements as the collaboration progresses.
Source: Business Wire
