Factorial to set up $45 mn EV battery plant in Methuen

By Editor

Share

Factorial Energy, a supplier of solid-state battery technology for electric vehicle (EV) applications, will set up a new manufacturing facility in the Boston suburb of Methuen, Mass.

The new facility will produce Factorial’s solid-state battery cell technology for EVs.

The 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.

Factorial will invest $45 million in the facility, which is expected to begin operations in early 2023 and will bring 166 new jobs to the Methuen community.

Based in Woburn, Mass., Factorial is working with automakers Hyundai Motor, Mercedes-Benz and Stellantis to develop solid-state EV battery cells for future passenger and commercial vehicles.

Latest News

Related