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Factorial Energy (Nasdaq: FAC) announced a non-binding Memorandum of Understanding with SK On, a global electric-vehicle battery manufacturer, to explore manufacturing for Factorial’s FEST® solid-state battery technologies. The partners will jointly evaluate technical feasibility and manufacturing considerations, leveraging SK On’s more than 200 GWh of annual battery production capacity worldwide, including about 100 GWh in the United States.
The collaboration supports Factorial’s capital-light industrialization strategy by assessing how SK On’s existing lithium-ion infrastructure and global footprint could enable future solid-state battery development for mobility, aerospace, and high-performance markets. Definitive binding agreements are expected to define any future collaboration terms.
Factorial Energy (Nasdaq: FAC) will release its second quarter 2026 financial results after the market close on Tuesday, August 11, 2026. Management will host a webcast and conference call at 4:30 PM ET that day to review the results, accessible via the Investors section of Factorial’s website or by domestic and international dial-in numbers with a replay option.
Factorial, backed by IQT, Mercedes-Benz, Stellantis, Hyundai and Kia, develops proprietary FEST® and Solstice™ solid-state battery platforms for aerospace, energy storage and mobility applications.
Factorial Energy (Nasdaq: FAC) announced its first commercial drone battery order from a leading U.S. drone manufacturer, marking its entry into commercial aerospace. The order follows successful integration and drone flight testing using Factorial’s high-energy-density lithium-metal cells, which will be integrated into packs by a U.S.-based pack integrator to support demanding drone missions.
According to Factorial, this move extends its solid-state battery platforms into physical AI applications such as drones, autonomous aviation, space, defense, and robotics. The company highlights prior milestones including a 1,200 km single-charge road test and 77 Ah cell performance, and cites a PwC estimate that the global Physical AI market could reach about €430 billion by 2030.
Factorial (Nasdaq: FAC) announced a strategic partnership with Netherlands-based Tulip Tech Group to accelerate commercial deployment of solid-state and lithium-metal batteries for next-generation drones. Early customer flight tests using Factorial cells in Tulip UAV battery systems showed over 30% increase in flight range before engineering optimization.
The companies established a commercialization framework covering joint customer engagement and a roadmap toward volume production. Tulip contributes high-density UAV battery integration and manufacturing capabilities, serving 250+ customers across defense, security, and commercial sectors, and has delivered over 100,000 battery packs in a single month. According to Factorial, its platforms target high-spec applications as the global UAV market is projected to exceed $160 billion by 2034.
Factorial (Nasdaq:FAC) announced that CEO Dr. Siyu Huang will join a Water Tower Research fireside chat on July 15, 2026 at 11:00 AM ET. Topics include company milestones, solid-state battery technology, recent platform validation, strategic partnerships, and capital-light manufacturing. The event is open to all investors via Water Tower Research and Factorial’s investor relations website.
Factorial (Nasdaq:FAC) published a Letter to Shareholders after its June 8, 2026 Nasdaq listing. The letter highlights a decade of solid-state battery innovation, recent drone integration partnerships, and participation in the first U.S. solid-state production program for passenger vehicles.
It also outlines OEM partnerships, a capital-light manufacturing strategy, and priorities as a newly public company, aiming to serve automotive, defense, and energy storage markets.
Factorial (Nasdaq:FAC) filed a Super 8-K on June 10, 2026, related to its business combination with Cartesian Growth Corporation III. The filing includes Q1 2026 financial statements for the period ended March 31, 2026.
The Super 8-K is available on Factorial’s investor relations website and the SEC’s EDGAR system. Factorial expects to report Q2 2026 results for the quarter ended June 30, 2026 on or about August 13, 2026.
Factorial Energy (Nasdaq:FAC), a U.S. solid-state battery developer, has completed its business combination with Cartesian Growth Corporation III and will begin trading on Nasdaq on June 8, 2026 under tickers FAC and FACWW.
The deal implies about $1.3 billion equity value and delivers over $100 million in gross proceeds to fund commercialization for defense & aerospace, hyperscale data centers, drones, robotics and e-mobility, leveraging joint manufacturing partnerships and multiple automotive and drone integration milestones.