Israel-headquartered extreme fast charge (XFC) capable battery technology company StoreDot says having achieved all its planned milestones for 2023, it is focussed on commercilisation and mass production of its batteries in 2024.
It was last month that the company collaborated with Polestar to bring the world’s first EV fitted with extreme fast charging battery cell technology to production – a game changer for the industry – opening the door for the entire EV ecosystem to embrace XFC technology.
StoreDot also signed agreements with Volvo Cars, VinFast and Flex|N|Gate to jointly develop optimised XFC batteries. In addition, it claims that 15 leading global OEMs tested its cells in real-world conditions over 6-9 months and reported outstanding performance. It also was able to confirm that fast charging conditions do not degrade the cells, even after 1000 consecutive XFC cycles.
Doron Myersdorf, CEO, StoreDot said: “In 2023, StoreDot has not only achieved all of its planned milestones, but we have also made significant strides towards commercialisation and mass production of our extreme fast charging battery cells. We are the first and only company to enable extreme fast charging with a high cycle life of consecutive fast charging. Our focus for 2024 is scale-up and commercialisation, and we remain on course to achieve mass production readiness of our ‘100in5’ cells next year. “
The Israeli company expanded globally with opening an innovation hub in California led by Chief Science Officer Dr. David Lee as well as announcing plans to manufacture its leading XFC batteries on three continents: the US, Europe, and Asia. It grew its senior leadership team and appointed renowned automotive industry leader Carl-Peter Forster as its Chairman.
As part of its focus on sustainable and ethical sourcing, it partnered with Circulor, the leading supply chain traceability solution, to track the provenance and CO2 emissions of the raw materials used in its battery cells and its manufacturing cells process.
Going forward, it will focus on commercialisation and remain on target for mass production readiness of ‘100in5’ cells next year delivering at least 100 miles, or 160km of range in just 5 minutes of charging.
