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POSCO Future M makes strategic investment in all-solid-state battery firm Factorial

POSCO Future M said on Tuesday it invested in U.S. all-solid-state battery maker Factorial to secure an early position in the market, signing an investment agreement and completing payment. The companies strengthened cooperation after a November MOU on technology development. POSCO Future M has been testing cathode material samples with Factorial and said its materials were assessed as strong in quality, including output characteristics. The firms expect synergies from combining Factorial’s network and POSCO Future M’s materials technology.