Eco Innovation

StoreDot leads in 2023 with fast charging tech

7th December 2023
Sheryl Miles

Having achieved all its planned milestones for 2023 and taken major strides towards commercialisation and mass production, StoreDot has cemented its position as a world leader delivering XFC battery technologies.

Its declaration follows news last month that it is collaborating 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.

This year saw StoreDot also make strong progress with other partners. As well as Polestar it signed landmark agreements with Volvo Cars, VinFast, and Flex|N|Gate to jointly develop optimised XFC batteries.

The quality of StoreDot’s batteries was further validated after 15 leading global OEMs tested its cells this year in real-world conditions over six to nine months and reported outstanding performance. It also revealed that compared to standard slow charging, extreme fast charging conditions do not degrade the cells, even after 1000 consecutive XFC cycles.

StoreDot expanded globally too, 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 also grew its senior leadership team and appointed renowned automotive industry leader Carl-Peter Forster as its Chairman.

Furthermore, StoreDot showed its commitment to responsible, sustainable, and ethical sourcing by partnering with Circulor, the supply chain traceability solution specialist, to track the provenance and CO2 emissions of the raw materials used in its battery cells and its manufacturing cells process.

StoreDot heads into 2024 focused commercialisation and remains on target for mass production readiness of ‘100in5’ cells next year delivering at least 100 miles, or 160kms of range in just 5 minutes of charging.

Doron Myersdorf, StoreDot CEO, 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 proudly declare ourselves as the world's leading company in XFC battery technologies, a title we've earned through our dedication to innovation and unwavering commitment to pushing the boundaries of what's possible. 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. No other company is making as much progress in this sector as we are, and the EV world is about to witness the revolution we're bringing to drivers’ charging experience."

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