Automotive manufacturer Stellantis and Factorial Energy (Factorial) have signed a joint development agreement to advance the latter’s high-voltage traction solid-state battery technology. The agreement also includes a strategic investment from Stellantis.

“Our investment in Factorial and other highly recognized battery partners boosts the speed and agility needed to provide cutting-edge technology for our electric vehicle portfolio,” said Stellantis CEO Carlos Tavares. “Initiatives like these will yield a faster time to market and more cost-effective transition to solid-state technology.”

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