What’s Happening: StoreDot, an innovative company focused on extreme fast charging (XFC) battery technology, is set to manufacture silicon batteries that will enable automakers to create more affordable, lighter, and sustainable electric vehicles (EVs). The company is on track to deliver its 100in5 silicon-dominant XFC batteries to EV original equipment manufacturers (OEMs) by next year.
Why It Matters: StoreDot’s XFC technology has reached a point where it can provide sufficient charging and discharging cycles, allowing for the use of smaller battery packs in electric vehicles. Smaller packs with XFC capabilities will lead to improved EV specifications, including better car efficiency, increased use of regenerative braking, reduced carbon footprints, and lower costs. This development has the potential to make electric vehicles more accessible to a broader audience and accelerate the transition to EVs.
- StoreDot’s transformative technology will deliver 100 miles (160 km) of range in just five minutes of charge, eliminating concerns about range and charging times for EV drivers.
- OEMs will be able to optimize a vehicle’s weight and cost by adopting StoreDot’s XFC technology, rather than focusing solely on extending range and battery size.
- Downsizing from an average 80 kWh to a 50 kWh battery pack could save approximately 200 kg from the EV’s weight (equivalent to the weight of 3-4 people) and reduce the build cost of the car by $4,500, depending on metal cost fluctuations and energy density improvements.
- Smaller battery packs with XFC capabilities will also lead to more efficient regenerative braking, as they can accommodate the high currents generated by recuperation.
Bottom Line: StoreDot’s groundbreaking XFC battery cells are currently being tested by over 15 global automotive manufacturers. The company’s technology has the potential to revolutionize the electric vehicle industry by removing barriers related to charging anxiety and cost, leading to more sustainable and affordable EV options for consumers. As the technology gains traction, it is expected to have a significant impact on the accessibility of electric vehicles and the overall sustainability of batteries, ultimately benefiting both the industry and the environment.