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Industry

Solid-state battery maker Factorial begins trading on Nasdaq, eyes aviation, defense and robotics

U.S. solid-state battery company Factorial Energy has completed its Nasdaq listing and plans to expand commercialization and production of next-generation batteries. It began trading after merging with SPAC Cartesian Growth Corp III, with ticker symbols FAC and FACWW. The deal values the company at about $1.3 billion and raised about $110 million. Factorial plans to invest beyond EVs into defense, aerospace, hyperscale data centers and robotics.

Mobility

China\'s FAW first to fit semi-solid battery in EVs, range tops 1,000 km

Global automakers and battery makers are accelerating efforts to commercialise all-solid-state batteries as a next-generation technology beyond lithium-ion. China’s state-owned FAW said it was the first in the industry to install a lithium-rich, manganese-based semi-solid battery in an electric vehicle. The company said the 142 kWh battery exceeds 500 Wh/kg in cell energy density and supports more than 1,000 km of range under China’s CLTC standard.