Battery maker Factorial Energy enters investment deal with Daimler, Stellantis


FILE PHOTO The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin Germany April 5 2018. REUTERSHannibal HanschkeFile Photo

FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/File Photo

(Reuters) - U.S. based Factorial Energy said on Tuesday it had entered into agreements with Daimler AG owned Mercedes-Benz and Stellantis NV, in a bid to commercialize its battery technology.

Under the partnerships, both Daimler and Stellantis will make a strategic investment in the solid-state battery maker, Factorial Energy said in a statement, without providing any financial details.

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