Storedot calls upon OEMs to have start-up mindset to boost EV sales

StoreDot says its ‘100inX’ strategic technology roadmap remains on track and with better OEM process alignment it can reach the market faster.

Dr Doron Myersdorf, CEO, StoreDot

Israel-headquartered StoreDot, a company working on extreme fast charging battery technology for electric vehicles, is encouraging global electric vehicle manufacturers to adopt more of a start-up mindset in order to bring transformational charging technologies onto the market more quicker.

The company is now on track for mass production readiness of its 100in5 silicon-dominant extreme fast charging batteries next year, delivering a range of 100 miles (160km) in a claimed five minutes of charge. The XFC battery solution solves the key ‘charging anxiety’ barrier to EV mass adoption. However, the company’s CEO is urging some automotive manufacturers to re-evaluate their traditional technology introduction timelines in order to accelerate the adoption of these game-changing batteries into new vehicles, benefitting customers while enabling a swifter uptake of EVs.

He believes that traditionally global car companies are locked into sequential prototyping and testing processes with timescales that fit the familiar long cycles of ICE (Internal Combustion Engine) vehicle development. However, he suggests leading car companies can embrace new practices and leverage a swifter development mode enabling the introduction of the latest technologies to market faster through collaborations with startups and scaleup-ready businesses such as StoreDot.

Dr Doron Myersdorf, CEO, StoreDot “We are working with many global OEMs and it’s clear that some are already changing their mindset to adopt advanced battery technologies faster. But not every OEM behaves like this, and I believe the entire EV industry will benefit from accelerating its processes and timelines if we are going to collectively undertake the seismic shift to electrification that the world needs.”

“With a typical 5-year cycle to implement any new battery technology, we are encouraging global automotive manufacturers following traditional processes to adjust their methods and mindset to more agile business practices when evaluating and implementing innovative technologies. Testing of new technologies such as StoreDot’s Extreme Fast Charge – XFC – cells can be a strict, sequential, and laborious process that assumes a certain level of technology maturity.”

Need to work around rigid mentality

Dr Myersdorf says the upshot is that their game-changing batteries might not get into the hands of car buyers in a timely fashion. As charging anxiety is one of the main barriers to EV adoption, such conservative processes can have consequences for the entire battery and vehicle ecosystem and its ability to vastly and quickly improve the world in which we live.

“Of course, car makers must not ignore crucial elements such as safety and reliability testing, which are a given. But in my experience, some OEMs are still rigidly sticking to testing regimes that hinder the ability to take advantage of battery breakthroughs. Some parts of the automotive industry are currently being held back and will continue to be so unless we all adopt the agility of start-up concurrent engineering practices,” he added.

StoreDot says its ‘100inX’ strategic technology roadmap remains on track and with better OEM process alignment it can reach the market faster. The XFC technology claims to feature 100in5, 100in3 and 100in2 of miles per minute of charging – three generations of StoreDot technologies of silicon-dominant anode, semi-solid-state and post-lithium. The roadmap confirms that the timings for these to enter mass production and adoption will be delivered over the coming decade with 100in5 to be commercially ready as soon as next year, 100in3 by 2028 and 100in2 by 2032.

At present, StoreDot’s XFC battery cells are being evaluated by 15 global automotive manufacturers including India’s Ola Electric.

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First published on: 09-03-2023 at 14:31 IST
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