PhilEnergy signs solid-state battery equipment deal with Factorial Energy
PhilEnergy will supply solid-state battery assembly equipment in South Korea under a contract running through December 31, 2027, it disclosed on October 15, 2026.
PhilEnergy disclosed on October 15, 2026 that it has signed a contract to supply Factorial Energy with equipment for solid-state battery assembly processes, according to digitaltoday.co.kr. The supply region for the contract is South Korea.
The contract period runs from October 15, 2026 to December 31, 2027, with October 15, 2026 given as the contract order date — the date the document was received from the client. The disclosure retention deadline is also December 31, 2027.
The company said the total contract amount and its ratio to revenue were not disclosed because the counterparty requested trade secrecy.
Payment and supply terms
Payment terms consist of a 40% down payment within 60 days of receiving the PO, a 50% interim payment within 30 days of FAT approval, and a 10% balance within 30 days of SAT approval. The sales and supply method is in-house production.
PhilEnergy reported revenue of 33,194,030,028 won on a consolidated basis at the end of 2025. Its consolidated financials as of December 2025 showed total assets of 211.7 billion won, total liabilities of 85 billion won and total equity of 126.7 billion won, with an operating loss of 22.2 billion won and a net loss of 15.8 billion won for 2025.
The company listed on the KOSDAQ market on July 14, 2023, in the special-purpose machinery manufacturing sector. Its share price at 2:30 PM on October 15 was 11,530 won, down 960 won (−7.69%) from the previous day.
Quick answers
What did PhilEnergy sign a contract for?
PhilEnergy signed a contract to supply Factorial Energy with equipment for solid-state battery assembly processes, with South Korea as the supply region.
How long does the contract run?
The contract period runs from October 15, 2026 to December 31, 2027.
What are the payment terms of the contract?
A 40% down payment within 60 days of receiving the PO, a 50% interim payment within 30 days of FAT approval, and a 10% balance within 30 days of SAT approval.