StoreDot has achieved all its planned milestones towards commercialisation and mass-production of extreme fast charging (XFC) battery technologies for 2023.
The company has transformed the conventional lithium-ion battery by innovating and synthesising proprietary organic and inorganic compounds, optimised by artificial intelligence algorithms, enabling an EV to charge in under 10 minutes.
The company, based in Israel, is collaborating with Polestar to manufacture the first EV fitted with XFC batteries. It says this will open the entire EV ecosystem to embrace XFC technology.
StoreDot says it is also making strong progress with other partners, having signed agreements with Volvo Cars, VinFast and Flex|N|Gate, to jointly develop optimised XFC batteries.
The quality of StoreDot’s batteries was validated by 15 leading global OEMs, which tested its cells for six to nine months in real-world conditions this year, reporting outstanding performance. The company says that, even after 1,000 consecutive XFC cycles, XFC conditions do not cause any additional degradation in its cells when compared to slow charging.
In its commitment to responsible, sustainable, and ethical sourcing of materials the company has partnered with Circulor, a provider of supply chain traceability solutions. This ensures tracking of the provenance and CO2 emissions of the raw materials used in, and the manufacturing of, its battery cells.
Doron Myersdorf, StoreDot CEO, said: “We are the first and only company to enable extreme fast charging with 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 company says ‘100in5’ cells will deliver at least 100 miles, or 160 kms, of range in just 5 minutes of charging, which will revolutionise drivers’ charging experience.