Storedot, the Israeli company developing extreme fast battery charging technology, has signed a “strategic collaboration” with Sweden’s Volvo Cars.
Experts from both companies will collaborate to develop extreme fast charging (XFC) cells which will be delivered for testing next year, it said.
Dr Doron Myersdorf, Storedot CEO, said: “This is a highly significant agreement for both Storedot and Volvo Cars. Our teams are now working together at pace, developing B-sample cells for Volvo Cars’ next generation fully electric architectures.
“There is a huge amount of work to do, optimising all aspects of the system to meet Volvo’s exacting requirements. But we are confident that we will be delivering our fast-charging technology for real world testing as early as next year with the goal to enable Volvo Cars customers to benefit from our game changing XFC battery which enables 100 miles of range in just five minutes.”
Javier Varela, Chief Operating Officer & Deputy CEO of Volvo, said: “Volvo Cars is already a strategic investor in Storedot, but this newly agreed collaboration takes our relationship a step further.”
Storedot recently said there was comprehensive testing earlier this year by 15 leading global automotive brand manufacturers from Europe, Asia and the US.