Factorial Energy (Factorial), a developer of solid-state battery technology for electric vehicle applications, announced it will establish a new advanced manufacturing facility in the Boston suburb of Methuen, MA. The new facility will produce Factorial’s new solid-state battery cell technology for EVs.
Founder and CEO
Factorial Energy
The new production site at 501 Griffin Brook Drive in Methuen has an existing 67,000 square-foot building on the site that will undergo extensive buildout to house Factorial’s pilot production facility. The facility expects to begin operations in early 2023 and will bring 166 new jobs to the Methuen community.
Based in Woburn, MA, the company is currently working with automakers Hyundai Motor Company, Mercedes-Benz, and Stellantis to develop safer and higher performance solid-state EV battery cells for future passenger and commercial vehicles.
"We plan to continue building solid-state EV battery research and development facilities in New England and establish the region as a hub for electric mobility technology," commented said Siyu Huang, CEO of Factorial.
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