Solving the EV charging speed challenge,
including technical and commercial active traction with 15
leading global OEMs, StoreDot's extreme fast charging (XFC)
battery is now delivering a seamless charging of just 10 minutes
with no accelerated battery degradation
IRVINE, Calif. and HERZLIYA,
Israel, Sept. 10, 2024 /PRNewswire/ -- StoreDot, the
pioneer in extreme fast charging (XFC) silicon battery technology
for electric vehicles (EVs), announces that its prismatic battery
cell charges from 10 to 80 percent in just 10 minutes without
compromising on the battery's health and range, solving the
charging speed challenge. StoreDot's battery addresses the main
barrier to mass EV adoption by eliminating charging anxiety and is
available for immediate integration by OEMs.
Over half of survey respondents from the U.K. and Germany are hesitant to switch to EVs due to
lengthy charging times, despite nations investing in expanding
charging infrastructure to meet growing demand and curb CO2
emissions. After years of double-digit growth, declining interest
combined with slower sales growth by late 2023 puts the EV industry
at risk of losing momentum if it doesn't secure fast-charging
battery technology to ease consumer anxiety.
StoreDot announced it had successfully assembled its first-ever
prismatic cells earlier this year, and now thanks to the ongoing
agreement with leading automotive manufacturer Flex|N|Gate, it has
proven its XFC battery technology is production-ready at a scale to
satisfy global demand. The sample cells tested had an 80Ah (amp
hour) capacity, demonstrating the ability to charge 10-80 percent
in 10 minutes without overheating, paving the way for developing
160Ah cells that align with customer requirements.
Powered by its detailed cell design and an experienced
engineering team, StoreDot's XFC cells enable 100 miles of charge
in five minutes, and its team is working to reduce the charge time
to four minutes by 2026. Despite halving the charging time compared
to other premium fast-charging models, StoreDot's batteries
uniquely show no accelerated degradation due to fast charge.
StoreDot has partnered with 15 OEMs to extensively test its
production-ready silicon XFC battery cells, which can be seamlessly
integrated into existing EV architectures to fit any manufacturer
strategy. StoreDot's unique design combines high energy density,
which is critical for high-performing EV batteries, robust
reliability, and the same price trajectory as standard battery
solutions, enabling manufacturers to build more affordable EVs.
"This milestone not only demonstrates our ability to work
closely with EV OEMs to customize the XFC technology to their
specific format, it also showcases the success of our partnership
with Flex|N|Gate in scaling up our prismatic cells," says
Amir Tirosh, COO of StoreDot.
"Together, we've taken a giant leap forward in EV battery
innovation, offering OEMs our game-changing XFC technology in the
prismatic format many prefer. This achievement is a testament to
the power of collaboration in revolutionizing the EV industry,
bringing us significantly closer to our vision of making extreme
fast charging a reality for millions of drivers worldwide."
"We are thrilled about the collaboration with StoreDot,
including this groundbreaking technology," says Guido Benvenuto, Flex|N|Gate Vice President of
Global Sales. "Producing these high-performance prismatic cells at
our facility demonstrates the success and strength of our
manufacturing capabilities in this space and our commitment to
advancing EV battery manufacturing technology. This is a
significant step forward in our shared mission to accelerate
electric vehicle adoption by addressing one of the most critical
challenges – charging time."
About StoreDot
StoreDot is the pioneer and world leader of extreme fast
charging (XFC) electric vehicle batteries that overcome the
critical barriers to mainstream EV adoption – range and charging
anxiety. The company has revolutionized the conventional Li-ion
battery by innovating and synthesizing proprietary organic and
inorganic compounds, optimized by Artificial Intelligence
algorithms, enabling the charging of an EV in under 10 minutes –
the same experience as refueling a conventional combustion engine
car.
Through its '100inX' product roadmap, StoreDot's battery
technology is delivering 'Range on Demand™': 100 miles charged in 5
minutes in 2024, 100 miles charged in 4 minutes in 2026, and 100
miles charged in 3 minutes by 2028. StoreDot's strategic investors
and partners include BP, Daimler, VinFast, Volvo Cars, Polestar,
Ola Electric, Samsung, TDK, and its manufacturing partner EVE
Energy. For more information, visit: https://www.store-dot.com/
About Flex|N|Gate
Privately held Flex|N|Gate Group is controlled American
industrialist Mr. Shahid Rafiq Khan.
The Flex|N|Gate Group is a leading manufacturer and supplier of
parts, components, sub-systems, and systems for the automotive
industry with a global platform of 77 integrated manufacturing,
product development and advanced product engineering facilities.
The group employs a global team of over 26,000 individuals. Founded
in 1956, it ranked as one of America's Best Large Employers by
Forbes magazine in both 2021 and 2022. Flex|N|Gate Group companies
operate facilities in the United
States, Canada, México,
Spain, France, Italy, Germany, the United
Kingdom, China, and
Argentina. Flex-N-Gate's
headquarters are located in the United
States.
Flex|N|Gate Group products are found on the world's leading
automotive badges, including: Acura, Audi, Bentley, BMW, Buick,
Cadillac, Citroen, Dacia, Dodge, Fiat, Ford, General Motors,
Genesis, GMC Truck, Honda, Hyundai, Infiniti, Jaguar, Jeep,
Lamborghini, Land Rover, Lexus, Lincoln, Mazda, Mercedes-Benz, Mini,
Mitsubishi, Navistar International, Nissan, Opel, Peugeot,
Polestar, Range Rover, RAM, Renault, Rolls-Royce, SEAT, Škoda Auto,
Smart, Subaru, Suzuki, Tesla, Toyota, Volkswagen, and Volvo.
Flex|N|Gate Group designs, manufactures and supplies the global
automotive industry with complete advanced bumper assemblies,
mechanical components, assemblies and systems, exterior painted
plastic trim, interior plastic, stamped body-in-white, complex
welded structural assemblies and advanced forward, in-vehicle and
rear lighting for the light vehicle market.
Flex|N|Gate Group's achievements are consistently recognized
within the automotive industry. In 2022, Automotive News ranked FNG
North America's 7th largest supplier (31st largest globally).
Repeated industry accolades over the last fifteen years include the
following awards:(a) Ford World Excellence; (b) GM Supplier of the
Year; (c) Toyota Excellent Quality Awards; (d) Nissan Supplier
Diversity Award; (e) Subaru Excellence Awards, (f) Stellantis
Supplier of the Year – North America; (g) VW Excellence in
Development Award.
Contact:
Ofir Sever
ofir@reblonde.com
+972542394241
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