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Manfred Harrer, head of research and development at Hyundai Motor Group, believes abandoning solid-state batteries is not possible, expecting limited-production vehicles using the technology to appear within five years. However, higher raw-material costs will keep them away from mass-market cars for longer.
Factorial Energy is bringing together companies specializing in materials and battery manufacturing to accelerate the rollout of solid-state batteries, rather than developing all their components internally. The company is working with Mitsui Kinzoku and other partners, while its batteries are still awaiting entry into production vehicles.