EXTREME FAST CHARGING BATTERY TECHNOLOGY IS AS IMPORTANT AS INFRASTRUCTURE ROLL-OUT TO ACHIEVE MASS ADOPTION OF ELECTRIC VEHICLES, SAYS STOREDOT
HERZLIYA, Israel, Sept. 19, 2023 /PRNewswire/ — StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles, asserts that the widespread adoption of electric vehicles (EVs) now hinges on the development of both high-speed charging infrastructure and advanced battery technology. Previously, the focus was primarily on infrastructure rollout, but StoreDot believes that the equilibrium has now shifted.
The Synergy of Battery Technology and Charging Infrastructure
StoreDot emphasizes that the recent deployment of high-power chargers has increased the demand for XFC battery technology in EVs on the road. The interdependence of these two components, battery technology and high-power charging infrastructure, forms a synergy that can unlock the mass adoption of EVs.
StoreDot’s Commitment to XFC Battery Technology
StoreDot is already shipping samples of its 100in5 silicon batteries, capable of delivering 100 miles, or 160 km of charge in just five minutes. With global original equipment manufacturer (OEM) partners testing and validating its technology, mass production readiness is on track, and the company anticipates widespread uptake of its battery cells starting in 2025.
Dr. Doron Myersdorf, CEO of StoreDot, emphasizes that charging anxiety remains a significant barrier to mass adoption of EVs. He highlights that the ability of the vehicle to charge fast is just as crucial to prospective EV users as the availability of high-power charge points. StoreDot welcomes investments in and deployment of 350kW plus chargers, as they enable XFC industrialization and accelerate the adoption rate of EVs.
StoreDot urges global automotive manufacturers to adopt XFC battery technology that can safely accept high-power charging rates. With long lead times required to introduce new vehicles, the innovation of XFC technology must be paired with infrastructure deployment. StoreDot’s 100in5 battery cells are already being tested by 15 global OEMs and partners, showing that the XFC revolution is within reach.
Strategic Partnerships and Collaborations
StoreDot is fostering a growing network of strategic partnerships with leading OEMs and manufacturing partners worldwide. Notable strategic investors in the company include global automotive manufacturers Daimler, Volvo Cars, Polestar, VinFast, and Ola Electric. StoreDot’s commitment to innovation and collaboration is demonstrated through these partnerships, as it continues to push the boundaries of battery technology for a cleaner world.
With the integration of extreme fast charging battery technology and the development of high-power charging infrastructure, the mass adoption of electric vehicles is becoming a tangible reality. StoreDot’s advancements in XFC battery technology, combined with strategic partnerships, are paving the way for a cleaner and more sustainable transportation future.