News Summary

Stellantis, the parent company of brands like Chrysler, Dodge, Fiat, Jeep, and Maserati, in collaboration with Factorial, a battery startup, is nearing a breakthrough in EV battery technology. The partnership focuses on developing a new solid-state EV battery capable of charging from 15 to 90 percent in just 18 minutes. Stellantis plans to implement these batteries in a demo vehicle fleet by 2026. The technology promises enhanced energy density and faster charging times than traditional lithium-ion batteries, with successful tests conducted across extreme temperatures. Factorial’s batteries have achieved over 600 charging cycles, marking a significant milestone for solid-state battery technology. Hyundai, also an investor in Factorial, aims to deploy semi-solid-state batteries by 2026.