Posco makes strategic investment in US-based ASSB materials firm Factorial

Posco Future M, the battery materials subsidiary of South Korea’s steel and chemicals firm Posco Group, announced it has made a strategic investment in Factorial Inc, a US-based developer of materials for all-solid-state batteries (ASSBs), as it looks to establish an early presence in the supply chain for next-generation electric vehicle (EV) batteries. Posco confirmed that it has completed the investment in Massachusetts-based Factorial, after it signed a memorandum of understanding (MoU) with the compa ...