Korea-based battery materials supplier POSCO Future M and solid-state battery pioneer Factorial have signed a memorandum of understanding (MOU) to cooperate on the development of all-solid-state battery technology.

Under the MOU, the two companies plan to develop materials for all-solid-state batteries, which are expected to offer higher safety, superior energy density and better charging performance compared to current lithium-ion batteries.

POSCO Future M is currently conducting R&D on cathode materials for all-solid-state batteries and silicon anode materials, while the POSCO Group is also researching lithium metal anode materials and 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.”

Source: Factorial