StoreDot has capped off a momentous 2023 by achieving all its milestones and making significant strides towards commercializing and mass-producing its extreme fast charging (XFC) battery technology. This solidifies their position as the global leader in this space.
Major Milestones Achieved:
- Landmark Partnerships: Agreements with Volvo Cars, Polestar, VinFast, and Flex|N|Gate to co-develop XFC batteries.
- Industry Validation: 15 leading global OEMs test StoreDot cells for 6-9 months, confirming outstanding performance and leading to B-sample projects with several OEMs.
- World-First Demo: Collaboration with Polestar on the world’s first 10-minute EV charging demo scheduled for early 2024.
- Industry Firsts:
- XFC with high cycle life during consecutive fast charging.
- No performance degradation due to fast charging.
- Global Expansion: Innovation hub opened in California.
- Plans to manufacture XFC batteries on three continents.
- Renowned automotive leader Carl-Peter Forster appointed as Chairman.
- Sustainable Practices: Partnership with Circulor to track raw material sourcing and CO2 emissions.
2024: Focus on Commercialization and Mass Production
StoreDot is laser-focused on bringing its XFC technology to market. Key developments include:
- 100in5 Technology: On track for mass production in 2024.
- Charges at least 100 miles (160 km) in just 5 minutes.
- Scale-Up and Commercialization: Primary focus for 2024.
Doron Myersdorf, StoreDot CEO:
“We’ve achieved all our 2023 milestones and made significant strides towards XFC battery commercialization and mass production. We’re proud to be the world leader in XFC technology, pushing the boundaries of what’s possible. We’re the first and only company enabling XFC with high cycle life during consecutive fast charging. In 2024, we focus on scale-up and commercialization, remaining on course for mass production of our ‘100in5’ cells. No one else is making as much progress in this sector as we are, and the EV world will soon witness the charging revolution we’re bringing.”
About StoreDot
StoreDot is revolutionizing the EV industry with their XFC batteries, overcoming range anxiety and fueling mainstream EV adoption. Their proprietary organic and inorganic compounds, optimized by AI, enable charging an EV in under 10 minutes.
StoreDot’s ‘100inX’ Roadmap:
- 2024: 100 miles charged in 5 minutes.
- 2026: 100 miles charged in 4 minutes.
- 2028: 100 miles charged in 3 minutes.
Strategic Partners and Investors:
- BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK, EVE Energy.
StoreDot is poised to revolutionize the EV landscape with their game-changing XFC technology. 2024 promises to be a transformative year as they move towards mass production and make extreme fast charging a reality for everyone.
