StoreDot Ships EV Battery Cell Samples to Global Car Makers
StoreDot, the pioneer of extreme fast charging batteries for electric vehicles, has shipped EV cell samples of its ‘100in5’ battery technology to strategic electric vehicle OEM partners and potential customers.
Following the successful completion of the series D funding round, StoreDot commences shipping its production-ready battery cell samples to global Electric Vehicle OEMs. It represents another significant step on StoreDot’s roadmap to begin mass-producing its ‘100in5’ battery cells during 2024 and to deliver a step-change in global EV adoption. This technology provides 100 miles of range in just 5 minutes consistently and without compromising the battery’s health.
Shipped in EV form factor, the 30Ah silicon-dominant anode lithium-ion pouch cells undergo intensive real-world testing with strategic OEM partners and other automotive players.
Amir Tirosh, StoreDot Chief Business Officer, “Shipping the large form factor samples of our advanced ‘100in5’ battery technology to over a dozen strategic partners and potential OEM customers across the globe is a truly historic moment for StoreDot. It is the culmination of ten years of intense research and development. It demonstrates our strong determination to push the known boundaries of battery technology to accelerate mass EV adoption and eliminate range and charging anxiety.”
“I am delighted that we have commenced intensive, real-world testing with leading OEMs. I am confident that our cells will exceed OEM expectations concerning energy density and high-speed charging. Current performance shows >900 consecutive extreme fast charging (10% to 80%) in just 10 minutes, with more than 300 Wh/kg. We will exceed our commercialization milestone of 1000 cycles this year. With the support and collaboration of key partners, StoreDot plans to begin mass production of our ‘100in5’ cells and provide 100 miles of range for 5 minutes of charging during 2024. Our journey will not end there, as we confidently continue our strategic goal of providing 100 miles of range with just 3 minutes in 2028 and 2 minutes of charging within a decade.”
StoreDot has already proven the effectiveness of its extreme fast charging – XFC – battery in public during a highly attended live demonstration in Oslo in June at The International Electric Vehicle Symposium (EVS), one of the key conferences for the EV industry. StoreDot is currently working on the mass production readiness of its ‘100in5’ cells with its long-standing manufacturing partner, EVE Energy in China, in parallel to expanding its global manufacturing footprint in other geographies.
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