The Israel-based company StoreDot, a leader in ultra-fast charging technology, announced the completion of preparations for the commercialization and mass production of its technology through an expanded strategic investment partnership with the Chinese global battery manufacturer Eve Energy.
Through this mass production contract with Eve Energy, StoreDot secures access to the global manufacturing capabilities and facilities held by Eve Energy, planning to mass-produce the ‘100-in-5 (100 miles of driving in 5 minutes of charging)’ XFC battery.
The XFC batteries manufactured at Eve Energy’s advanced production lines are set to be supplied to global electric vehicle manufacturers. This partnership allows StoreDot to provide services even to clients lacking its own manufacturing capabilities while also strengthening collaboration with other manufacturers, including Eve Energy, and developing its own manufacturing capabilities.
Amir Tiroshi, StoreDot’s Chief Operating Officer, stated, “This contract significantly reinforces our partnership with Eve Energy, marking a key turning point for the commercialization of XFC battery technology.”
Additionally, Alexander Holden, Senior Vice President of Eve Energy, remarked, “By providing Eve Energy’s manufacturing capabilities, we are excited to offer StoreDot’s proven XFC technology to global electric vehicle manufacturers.” Having been collaborating with StoreDot since 2017, Eve Energy is expanding its facilities across Asia, Europe, and North America and is recognized as one of the world’s top suppliers of battery cells for electric vehicles.
Meanwhile, StoreDot has attracted strategic investments from global companies including Eve Energy, BP, Daimler (now Mercedes-Benz Group), Volvo Cars, Polestar, VinFast, Samsung, Ola Electric, and TDK to date.
Last November, Swedish electric vehicle brand Polestar announced plans to showcase StoreDot’s fast-charging technology in the ‘Polestar 5 Prototype’ as the world’s first in 2024, drawing global attention.
Furthermore, recent innovations in the EV battery sector include ‘Winter-Proof’ technology to alleviate winter driving range anxiety, ‘Cell-to-Pack’ design, and prismatic cell manufacturing. StoreDot aims for mass production of battery cells capable of ‘100-in-5’ this year, ‘100-in-4 (100 miles of driving in 4 minutes of charging)’ by 2026, and ‘100-in-3 (100 miles of driving in 3 minutes of charging)’ by 2028.
By Lee Sang-jin daedusj@autodiary.kr