Factorial Energy to Open New Solid-State EV Battery Development and Manufacturing Facility in Methuen, Mass.
WOBURN, Mass.--(BUSINESS WIRE)--Aug 25, 2022-- Factorial Energy (Factorial), an industry leader in the development of solid-state battery technolog...
WOBURN, Mass.--(BUSINESS WIRE)--Aug 25, 2022-- Factorial Energy (Factorial), an industry leader in the development of solid-state battery technology for electric vehicle (EV) applications, today announced it will establish a new advanced manufacturing facility in the Boston suburb of Methuen, Mass. The new facility will produce Factorial's innovative new solid-state battery cell technology for EVs. A groundbreaking ceremony will be held at the site in Methuen at 3:00 pm EDT today. The new production site at 501 Griffin Brook Drive in Methuen was recently secured by Factorial with the support of the Massachusetts Office of Business Development and the City of Methuen's Economic and Community Development Department.