 |
21.01.2022: Investment is part of Joint Development Agreement announced in November 2021, together with other investors Funding will help scale global commercialization of Factorial�s solid-state battery technology that is robust and offers greater driving r |
Investment is part of Joint Development Agreement announced in November 2021, together with other investors
Funding will help scale global commercialization of Factorial’s solid-state battery technology that is robust and offers greater driving range than today’s lithium-ion technology
Stellantis N.V., through its affiliate, completed an investment round in Factorial Energy (Factorial) as part of Factorial’s Series D round of funding, together with other investors. Funding will be used to accelerate commercial production and deployment of Factorial’s solid-state battery technology that is robust and offers up to 50 percent greater driving range than current lithium-ion technology.
“Stellantis is full-speed ahead on its electrification transformation with 33 electrified models available right now, and eight battery electric vehicles coming in the next 18 months,” said Carlos Tavares, CEO of Stellantis. “With our partners, including Factorial, we will quickly electrify our brand portfolio with safe, sustainable, and affordable solutions.”
Stellantis announced during its EV Day program in July 2021 its target of having the first competitive solid-state battery technology introduced by 2026.
“We continue to move aggressively towards our goal of delivering automotive-scale, solid-state battery technology to our customers,” said Factorial Energy CEO Siyu Huang, Ph.D. “This funding will enable us to not only advance core research and development, but also scale our team and invest in manufacturing facilities to drive commercial production.”
Factorial is constructing a state-of-the-art pilot production facility that will enable the company to scale its large format cell output and produce batteries for customer testing. The facility will be located in the New England area and the construction is scheduled to start in early 2022.
“Since we successfully developed the first 40 Amp-hour solid-state battery in 2021 it has been tested extensively,” continued Huang. “We look forward to getting batteries in the hands of our customers for strenuous testing and validation at the next level.”
Factorial’s technology offers a high level of operational safety and extends driving range up to 50 percent, addressing two key factors to broad consumer adoption. Its drop-in compatibility with existing lithium-ion battery manufacturing infrastructure reduces costs and the complexity of changing to a different battery technology for auto manufacturers. The company has Joint Development Agreements (announced in late 2021) with Mercedes-Benz, Stellantis and Hyundai, three of the top 10 global automotive manufacturers, to commercialize Factorial’s batteries.
Factorial’s advances are based on FEST™ (Factorial Electrolyte System Technology), which leverages a proprietary solid electrolyte material that enables safe and reliable cell performance with high-voltage and high-capacity electrodes at room temperature. Earlier this year, Factorial became the first to reach the 40 Amp-hour benchmark with a solid-state cell that works at room temperature, demonstrating the scalability of the FEST™ electrolyte.
Pierre-Olivier SALMON- logo Stellantis
|
Stellantis invest in Stimcar to support its development, strengthening circular economy initiatives
21.01.2022 |
| – Stellantis takes a majority of Stimcar’s capital, via Stellantis &You, Sales and Services- Trust to founders, management autonomy and continuity of service- Stellantis &You, Sa more >> |
In 2021 BMW Motorrad achieves the best sales result in its history with an increase of 14.8 percent.
20.01.2022 |
| 194.261 BMW motorcycles and scooters were delivered to customers worldwide.BMW Motorrad finished the year with a record sales result despite major challenges. With 194,261 units (+14.8%), 2021 was the best year since BMW Motorrad was founded (previous yea more >> |
Opel Increases Market Share in Western Europe in 2021
19.01.2022 |
| Strong overall performance in home market of Germany Opel Corsa best-selling small car in Germany Vauxhall Corsa best-selling car in UK, Vauxhall number one e-LCV brand more >> |
Alpine on the rise in 2021
18.01.2022 |
| In the first year after announcing the Renaulution strategic plan, Alpine announced very strong growth in sales volume: +74%, with 2659 units sold in 2021. In France, Alpine recorded a boost in sales of over 117%. Alpine continues to develop internationally, with almost half of sales coming more >> |
Renault takes up the challenge of electrification and higher value business
18.01.2022 |
| Renault delivers its rapid shift in the electrified market and strengthens its position in Europe. The E-Tech (EV and hybrid* powertrains) range represents 30% of Renault passenger cars sales in Europe in 2021 (vs 17% in 2020). In Europe, Renault is 3rd brand in the EV PC market, and ZOE ranks 2nd model. more >> |
Dacia accelerates into the top three of 2021 European retail sales for the first time ever
18.01.2022 |
| DACIA grew by 3% in 2021, with sales reaching 537,095, in a market tainted by the pandemic and the electronic component crisis The brand experienced strong growth in the passenger car market for private customers where it reached a record-breaking market share of 6.2%, resulting in DACIA placing in the top three of European re more >> |
Appointment of Mr. Mike Wetherell as Regional CEO of BMW Group, Financial Services for Asia Pacific
17.01.2022 |
| The BMW Group has appointed Mr. Mike Wetherell as the Regional Chief Executive Officer of Financial Services for its Asia Pacific operations effective 1 January 2022. Mr. Wetherell is based in Singapore and replaces Ms. more >> |
Sales figures for the MINI Electric almost doubled
17.01.2022 |
| – MINI brand sales up 3.3 percent in 2021.British premium brand records 302 144 new registrations worldwide and a huge electric boom. Fully electric MINI Cooper SE becomes the best-selling model variant. Almost every fourth MINI Countryman hit the road with a p more >> |
Toyota Motor Europe sales increase by +8% in 2021 to achieve a record 6.4% market share
13.01.2022 |
| · TME’s vehicle sales of 1,076,300 (Jan-Dec 2021) up +8%, reflected strong customer demand, outperforming a stable market up +1% year-on-year· The Toyota more >> |
Lexus consolidates sales and market share in Europe in 2021
13.01.2022 |
| Lexus Europe* sold 72,441 vehicles in 2021, up 2% vs. 2020, consolidating a record share of 2.3% in the premium market Electrified vehicles accounted for 96% of the brand’s sales in Western Europe* in the past year Lexus’ first battery-electric model, the UX 300e, achieved 3,000 more >> |
Audi accelerates transformation with a strong 2021 for fully electric vehicles
11.01.2022 |
| Consistently following the electric roadmap: deliveries of fully electric models increased by 57.5 percent Despite a worldwide semiconductor shortage, total volume of the Audi brand approached the previous year’s level with 1.68 million vehicles, grew in the US and other key markets more >> |
SEAT S.A. closes 2021 with sales up 10.3%
11.01.2022 |
| … but falls short of pre-pandemic levels due to semiconductor crisis CUPRA tripled sales, driven by success of the Formentor, reaching almost 80,000 cars Sales of electrified vehicles increased fourfold, more >> |
Rolls-Royce Motor Cars reports record annual results for 2021
10.01.2022 |
| In 2021, Rolls-Royce Motor Cars delivered the highest-ever annual sales results in the marque’s 117-year history. The company delivered 5,586 motor cars to clients around the world, up 49% on the same period in 2020. This overall figure includes all-time record sales in most regions, including Greater China, the Americas and Asia-Pacific, and in multiple countries across the globe. more >> |
Mercedes-Benz sees strong demand as high-end and electrified vehicle sales surge
08.01.2022 |
| Mercedes-Benz Cars and Vans delivered over 2.4 million units in 2021, despite semiconductor supply chain bottlenecks Mercedes-Benz Cars Q4 deliveries at 475,968 (-24.7%) in line with company forecast New sales records for xEVs and high-end vehicles (Maybach, AMG, G-Class) underline strategic more >> |
Hyundai Records Largest Ever UK Car Market Share in 2021
08.01.2022 |
| Hyundai delivers 4.2% car market share throughout 2021, its largest ever Year-on-year sales jump by 47%, boosted by new model introductions Over 12,500 EVs sold in 2021, the fourth largest number of any manufacturer more >> |
Lotus global retail sales up 24% in best performance for a decade
08.01.2022 |
| Worldwide sales of 1,710 new cars in 2021, up from 1,378 in 2020 Increase of 24% as customers snap up final versions of Lotus Elise, Exige and EvoraLotus has revealed its best annual global re more >> |
Volvo Cars records full-year sales growth, sales of electrified cars grew more than 60%
07.01.2022 |
| Volvo Cars’ global sales grew by 5.6 per cent to 698,693 cars in the full year 2021, demonstrating resilience in the face of persistent supply constraints.The results also demonstrated the continued popularity of Volvo Cars’ Recharge line-up more >> |
BMW of North America Reports Q4 2021 and Full Year 2021 U.S. Sales Results
05.01.2022 |
| 2021 BMW Deliveries Increase 20.8% vs 2020. 2021 MINI Deliveries Increase 6.4% vs 2020. Successful Year Despite Continuing Challenges of the Ongoing Global Pandemic and Associated Supply Chain Issues. BMW Sales Momentum Remains Strong as First Deliveries of BMW more >> |
Kia announces 2021 global sales and 2022 targets
03.01.2022 |
| Kia’s global sales in 2021 reached 2.78 million units, up 6.5% year-on-year : Sales in overseas markets increased 9.1% year-on-year Kia sets target to sell over 3 million units globally in 2022 : Maintaining sales growth with optimized production and EV leadership more >> |
Tesla�s 2021 vehicle deliveries surge over 80%, projected to hit 1.5 million in 2022
03.01.2022 |
| Tesla’s goal of pushing electric vehicles into the mainstream is gaining momentum with the company’s steady growth in deliveries. As the EV manufacturer expands production, the number of delivered vehicles is also expected to hit record levels in 2022. more >> |
Investor Group led by Michael Pessis and Boris Rotenberg to invest in historic super sports car brand Spyker
31.12.2021 |
| Exciting yearend news on the future of Spyker – good news for all Spyker enthusiasts and existing customers. Today, on the last day of 2021, the investor group led by Michail Pessis (Milan Morady S.A., R-Company GmbH, SMP Racing) and Boris Rotenberg (BR Engineering, SMP Racing) has reached an agreement with Spyker Ltd to revive the historic Spyker super sports car brand effe more >> |
BAIC Daimler Partnership
17.12.2021 |
| – BAIC ANNOUNCES HOLDING STAKE IN DAIMLER- BAIC & DAIMLER WELCOME COMMITMENT AND LONG-TERM PARTNERSHIPBeijing Automotive Group Co Ltd (BAIC) announced this week that it has been holding an increased more >> |
BMW i Ventures announced a lead investment in the seed financing round of Rapid Liquid Print (RLP)
08.12.2021 |
| …. which brings the benefits of 3D printing to elastomers with a revolutionary gel-printing technology that uses industry-standard materials, such as soft rubber, silicone and foams, to produce soft, flexible products without retooling or post-processing. Also participating in the round is MassMutual through the MM Catalyst Fund (MMCF). more >> |
BMW i Ventures Leads Series B Financing Round of Nanocoating Technology Company, actnano
30.11.2021 |
| BMW i Ventures today announced a lead investment in the Series B financing round of actnano, a company that has developed a next-generation nanocoating that offers unparalleled protection for electronics across the automotive and consumer electronics markets.a more >> |
UNCTAD Global Trade Update November 2021, download report
30.11.2021 |
| World trade reaches record high Latest issue of the UNCTAD Global Trade Update. Its key findings show that:• Global trade is expected to reach about $28 trillion in 2021, indicating an increase of 11% relative to pre-pandemic levels.• Global trade growth s more >> |
Next.e.GO Mobile electric vehicle manufacturer announces new member of its Administrative Board
30.11.2021 |
| Next.e.GO Mobile SE, the independent German manufacturer of innovative and sustainable electric urban vehicles, today announced that Andrew E. Wolff has joined its administrative board. Mr. Wolff is an entrepreneur and a top-tier private equity investor. He was most recently Global Co-Head of the Merchant Banking Division and Global Co-Head o more >> |
Strategy 2.0: IONITY accelerates expansion of its fast-charging network
24.11.2021 |
| Porsche and fellow shareholders to invest 700 million euros by 2025ONITY already has the largest network of high-performance charging stations in Europe, which is accessible by the majority of electric vehicles. The joint venture is now ramping up its p more >> |
Renault Group strengthens its strategic partnership with start-up Whylot
24.11.2021 |
| Renault Group is taking a 21% minority stake in Whylot, a technology company specialising in innovative electric motors. This investment strengthens the existing collaboration between the two companies to develop and industrialize an innovative axial-flow automotive e-motor, a breakthrough technology for electrified applicati more >> |
The Board of Directors of Brembo S.p.A. submits new corporate governance structure to the General Shareholders� Meeting
16.11.2021 |
| • Matteo Tiraboschi Executive Chairman of Brembo S.p.A.• Daniele Schillaci CEO of Brembo S.p.A.• Alberto Bombassei Chairman Emeritus of Brembo S.p.A.The Board o more >> |
Volkswagen to invest some �1 billion by 2026- South America region to be geared to sustained profitability
05.11.2021 |
| The Polo Track is to be produced at the plant in Taubaté, Brazil. This vehicle is not for sale in Europe. Following restructuring program and portfolio renewal, positive result in Latin America expected this year more >> |
BMW Group boosts performance with significantly higher earnings
03.11.2021 |
| Automotive segment reports nine-month free cash flow of € 6.3 billion – Segment EBIT margin comes in at 11.3% for nine months – BMW brand grows nine-month market share in Europe, Asia and Americas – Deliveries of fully electric vehicles up by 121.4% for nine-month period – Raised outlook for full year 2021 confirmed more >> |
SKODA AUTO achieves stable operating profit in the first three quarters
02.11.2021 |
| 700,700 vehicles delivered to customers worldwide (-2.9% compared to previous year) Significant disruptions due to current chip shortages Operating profit and sales revenues remain at a high level thanks to strong first half-year, return on sales reaches 6.8% &nb more >> |
DriveElectric is set to expand its Electric Vehicle Leasing Offer on the back of investment from Sumitomo Corporation
02.11.2021 |
| DriveElectric welcomes Sumitomo Corporation as a strategic investor Sumitomo Corporation is a trading and business investment company headquartered in Japan whi more >> |
Kia Announces October 2021 Global Sales Results
01.11.2021 |
| October global sales at 217,872 units, down 18.9% y/y Sales in Korea recorded 37,837 units, down 21.2% y/y Sales outside of Korea recorded 180,035 units, down 18.4% y/y Kia to create sales momentum through competitive new models including the EV6 battery e more >> |
Porsche maintains a return on sales of more than 15 per cent
30.10.2021 |
| Sports car manufacturer increases sales revenue and profit in the first three quartersPorsche succeeds despite the global semiconductor crisis. The Stuttgart-based sports car manufacturer achieved a return on sales of 15.5 per cent at the end of the third q more >> |
Daimler performance resilient in third quarter
30.10.2021 |
| Unit sales at Mercedes-Benz Cars & Vans decreased due to semiconductor shortage Group revenue of €40.1 billion (Q3 2020: €40.3 billion) at prior-year level EBIT of €3,579 million (Q3 2020: €3,070 million) Industrial free cash flow o more >> |
Audi Group makes healthy profit despite semi-conductor crisis- forecast for 2021 adjusted
30.10.2021 |
| After nine months: 1.3 million Audi brand vehicles delivered, revenue €40.4 billion, operating profit of €3.9 billion and operating return on sales of 9.5 percent Net cash flow strong at €7.9 billio more >> |
Automobili Lamborghini sets another record result for deliveries in the first nine months of 2021
21.10.2021 |
| Strong order book continues with demand across the product portfolioAutomobili Lamborghini announces further record sales for the first nine months of 2021. The period between January and September has seen the company achieve a record 6,902 unit more >> |
Tesla Leapfrogs the Competition in Interbrand’s 2021 Best Global Brands Report
21.10.2021 |
| Sephora Enters the Table, While Tech Companies Continue to Dominate the Top Spots- Tesla (#14) makes the biggest leap up the table and is the fastest growing brand of the past year with an unprecedented 184% increase in brand value after re-entering the rankings in 2020. more >> |
