Overview
- POSCO Future M said it completed the final payment on Monday after signing an investment agreement on Jan. 7, following a November pact to co-develop all‑solid‑state batteries.
- The companies aim to commercialize next‑generation cells by combining POSCO Future M’s cathode design and coating expertise with Factorial’s platform, securing stable materials supply for scaling.
- The investment amount was not disclosed by either company.
- Factorial operates a pilot solid‑state battery plant in Cheonan and has developed a 40‑Ah cell called Solstice.
- Factorial is pursuing a U.S. IPO, while POSCO Future M expands its materials portfolio to include LFP, ASB and lithium manganese‑rich chemistries for EVs, urban air mobility and robotics.