News4 years ago
Mercedes-Benz In Agreement To Speed Solid-State Battery Development
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 a 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. See Also: $2.7M Mercedes-AMG One Customer Deliveries Reportedly Delayed Till 2022 In the next five years, a “small series” of Mercedes vehicles equipped with the technology will hit the road. Mercedes has made a strategic investment in Factorial and will appoint a 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 a 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 a solid-state electrolyte rather of the liquid electrolytes that are most commonly utilized. As a result, the units have a far higher energy density, which translates to a longer range and faster charging periods. Mercedes-Benz is developing solid-state batteries as one of a number of battery technologies that it may adopt in the future, including organic batteries in the long run. See Also: 2022...
