StoreDot set for mass production of extreme fast-charging batteries

StoreDot has shared its roadmap for the mass production of its extreme fast charging ‘100in5’ battery cells by 2024.

The Israeli-based company has already achieved all its planned milestones for 2022 and says it remains firmly on track for its 100inX strategic technology roadmap. Announced this year, the roadmap will see the delivery of mass produced battery cells capable of 100 miles of range in five minutes of charge by 2024, 100 miles in three minutes by 2028 and 100 miles in two minutes by 2032.

This year, in collaboration with its key manufacturing partner EVE Energy, StoreDot began shipping EV cell samples of its ‘100in5’ battery technology to its strategic electric vehicle OEM partners and other potential customers.

The company also continued to raise investment and build relationships with leading global automotive companies. In January StoreDot announced the close of its Series D funding round of $70 million, with the lead investor being Vietnamese electric vehicle manufacturer, VinFast.

Dr Doron Myersdorf, StoreDot CEO: “2022 has been StoreDot’s best year to date and has affirmed our positioning amongst the leading innovators and cell manufacturers at the high end of what’s available in the market.

“I want to thank everyone that has helped us on our journey to date, from my talented fellow management team and devoted employees to strategic investors and OEM partners. We have delivered exactly what we had promised we would 24 months ago. We say what we do and do what we say, and we will remain completely transparent about our objectives and continue to set realistic, achievable yet ambitious timelines.

“Next year our focus will be on establishing manufacturing partnerships and broadening our capabilities in additional battery form factors, whilst also reducing charging times further and pushing the boundaries of semi-solid and post-Lithium technologies. We look forward to building even stronger relationships with our global automotive partners and will continue to expand globally augmenting both our leadership team and our world-class battery expertise.

“Our battery cells are currently undergoing real-world testing of the ground-breaking XFC technology around the world and the results so far have been extremely positive and consistent. We remain highly focused on pushing the known boundaries of battery technology to accelerate mass EV adoption with our innovation focus around fast charging aiming at eliminating range and charging anxiety.”