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Mercedes-Benz In Agreement To Speed Solid-State Battery Development

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Mercedes-Benz has reached an agreement to accelerate the development of solid-state batteries.

Mercedes-Benz announced the new relationship with Factorial Energy to accelerate the development of solid-state battery technology.
The German automaker will collaborate with solid-state battery company based in the United States to create the long-awaited next-generation battery technology. 
Next year, the two businesses plan to begin testing prototype cells. 
In the next five years, “small series” of Mercedes vehicles equipped with the technology will hit the road.
Mercedes has made strategic investment in Factorial and will appoint director to the board of directors. 
Markus Schäfer, the CEO of Mercedes-Benz Cars, stated that the investment is in the “high double-digit million dollar range,” but provided no further details.
Factorial, one of the top developers of solid-state battery technology, recently received funding from Stellantis as part of collaborative venture to develop solid-state batteries.
Solid-state batteries are one of the most promising – and much awaited – battery technologies currently being developed. 
It uses solid-state electrolyte rather of the liquid electrolytes that are most commonly utilized. 
As result, the units have far higher energy density, which translates to longer range and faster charging periods.
Mercedes-Benz is developing solid-state batteries as one of number of battery technologies that it may adopt in the future, including organic batteries in the long run.

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