storedot-signs-strategic-agreement-with-flex|n|gate-to-produce-extreme-fast-charging-battery-cells-for-us-ev-market

STOREDOT SIGNS STRATEGIC AGREEMENT WITH FLEX|N|GATE TO PRODUCE EXTREME FAST CHARGING BATTERY CELLS FOR US EV MARKET

 

StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles, is today announcing that it has signed a strategic partnership agreement with Flex|N|Gate, a leading global automotive component manufacturer.

This landmark agreement will see both companies collaborate to sample and scale up the commercialization of StoreDot’s game-changing extreme fast charging battery cells for electric vehicles. Samples of StoreDot’s 100in5 battery cells will be produced next year at Flex|N|Gate Group’s “Flex-lon” lithium-ion cell pilot factory in Windsor, Ontario while working with local automotive OEMs to produce cells with specified performance and formats.

Amir Tirosh, StoreDot COO “This is an exciting and significant agreement which further supports and enhances our path to OEM commercialization. Working with Flex|N|Gate, a tier one manufacturer and global leader in mass-scale automotive component production, opens vast new opportunities for StoreDot in the North American market, including the ability to localize its cell production. The collaboration allows us to serve the needs of local OEMs, building upon our recently established California R&D facility.

“Our 100in5 battery cells are already being tested by electric vehicle manufacturers; this strategic agreement gives us ability to scale up rapidly to mass production and flexibility to produce OEM li-ion battery cells at the scale and in the form factors required by this burgeoning industry. Enabling owners to charge their cars safely in minutes is no longer an option, as range and charging anxiety remain the main barriers for mass EV adoption.

“We look forward to a long and fruitful relationship with Flex|N|Gate as we roll out the XFC revolution together.”

Guido Benvenuto, Flex|N|Gate Vice President of Global Sales “We are honored and excited to collaborate with StoreDot, an acknowledged innovation leader in the EV battery space. Producing extreme fast charging battery cells at giga-scale is a key competitive requirement in the electric vehicle industry. Applying our mass production manufacturing expertise to StoreDot’s cutting-edge technologies will create an ideal framework to establish world-class cell manufacturing facilities. Early next year, cells will be produced at Flex-Ion’s pilot plant in Windsor, Ontario, where we have established the capacity and flexibility to service the needs of the automotive industry. This will be a significant and rewarding development as the Americas transition to electrified mobility.”

StoreDot’s commitment to innovation and collaboration is being demonstrated through its rapidly growing global network of strategic partnerships with investors, leading OEMs, and manufacturing partners. Global automotive and EV manufacturers like Daimler, Ola Electric, Polestar, VinFast, and Volvo Cars are already key strategic partners of the company.

Recently StoreDot reported strong performance feedback for the evaluation and integration A-Samples testing phase of its XFC electric vehicle battery cells. The comprehensive testing programs took place earlier this year by 15 leading global automotive brand manufacturers from EuropeAsia, and the US, as well as several of StoreDot’s strategic ecosystem partners, with many now moving onto B sample and cell integration programs.

extreme-fast-charging-battery-technology-is-as-important-as-infrastructure-roll-out-to-achieve-mass-adoption-of-electric-vehicles,-says-storedot

EXTREME FAST CHARGING BATTERY TECHNOLOGY IS AS IMPORTANT AS INFRASTRUCTURE ROLL-OUT TO ACHIEVE MASS ADOPTION OF ELECTRIC VEHICLES, SAYS STOREDOT

 

  • Adequate charging infrastructure is often seen as the main catalyst to mass EV adoption, nonetheless, StoreDot says new battery technology is as critical
  • Extreme Fast Charging (XFC) and charging infrastructure are now equally important and when combined will unlock mass adoption of EVs
  • StoreDot welcomes industry players investing in and deploying 350kW plus chargers as they enable the full benefits of XFC technologies and EV adoption
  • However, advances in charging infrastructure must be paired with adoption of XFC technology to reach the adoption tipping point
  • StoreDot continues to foster a growing network of strategic partnerships with leading OEMs and manufacturing partners around the world
  • StoreDot remains on target for industrialization of ‘100in5’ cells delivering at least 100 miles, or 160 km of range for each 5 minutes of charging

HERZLIYA, IsraelSept. 19, 2023 /PRNewswire/ — StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles says that high-speed charging times are now just as crucial to the widespread adoption of electric vehicles, as the deployment of high power charging infrastructure.

With most drivers still naming charging anxiety as the major decision factor in transitioning from petrol to electric, infrastructure rollout is often seen as the main catalyst to mass EV adoption. However, StoreDot believes that the equilibrium has now shifted.

With the recent deployment of high-power chargers, the need for XFC battery technology in EVs on the road has increased. These two components – battery technology and high-power charging infrastructure – are now intertwined, forming a synergy that can unlock the mass adoption of EVs.

StoreDot is now shipping samples of its 100in5 silicon batteries capable of delivering 100 miles, or 160 km of charge in just five minutes. With global OEM partners testing and validating its technology, mass production readiness is now on track and the company anticipates widespread uptake of its battery cells starting in 2025.

Dr Doron Myersdorf, StoreDot CEO “Charging anxiety remains a key barrier to mass adoption of EVs. Nevertheless, the ability of the vehicle to charge fast is just as crucial to prospective EV users as the availability of high-power charge points. We welcome anyone investing in and deploying 350kW plus chargers as they enable XFC industrialization and in turn accelerate the adoption rate of EVs.

“Deployment of infrastructure must be paired with innovation of XFC technology since most EV battery solutions on the market currently cannot accept high power charging rates. With long lead times required to introduce new vehicles, we are urging global automotive manufacturers to adopt XFC battery technology that can safely accept the much-needed high power charging rates, to enable our industry to achieve the ambitious goal of zero-emission transport for a cleaner world. Our 100in5 battery cells are already being tested by 15 global OEMs and partners, and results show that the XFC revolution is within reach.”

StoreDot’s commitment to innovation and collaboration is being demonstrated through its rapidly growing global network of strategic partnerships with investors, leading OEMs, and battery manufacturers. Global automotive manufacturers Daimler, Volvo Cars, Polestar, VinFast, and Ola Electric are among the strategic investors of the company.

Recently StoreDot reported outstanding battery performance feedback for the A-Samples testing phase of its XFC electric vehicle battery cells. The comprehensive testing programs took place earlier this year by leading global automotive brand manufacturers from EuropeAsia, and the US, as well as several of StoreDot’s strategic ecosystem partners.

storedot-achieves-landmark-milestone-of-1000-cycles-of-extreme-fast-charging-battery-cells-ready-for-ev-integration

STOREDOT ACHIEVES LANDMARK MILESTONE OF 1000 CYCLES OF EXTREME FAST CHARGING BATTERY CELLS READY FOR EV INTEGRATION

 

StoreDot, the pioneer of extreme fast charging battery technology for electric vehicles, has proven the superior performance of its extreme fast charging battery cell technology by delivering cells that have exceeded 1000 cycles in production ready EV form factor.

The 300Wh/kg, 700 Wh/l high energy density cells are being shipped in pouch format to StoreDot’s global automotive OEM partners for intense real-world testing. The cells exhibit the promised ‘100in5’ EV performance, allowing drivers to charge consecutively 100 miles of range for each 5 minutes of charging.

StoreDot’s ‘100in5’ cells repeatedly charged from 10 to 80 percent capacity in just 10 minutes and then discharged for one hour before recharging. The EV cells achieved over 1000 of these extreme charging cycles consecutively before degrading below the 80 percent of the original capacity threshold. No noticeable degradation occurred within the first 600 cycles in which the cells were consecutively fast charged between 10 to 80 percent.

This landmark milestone follows StoreDot’s announcement in March that it had set a world record of 1200 cycles for its extreme fast charging cells in prototype format. StoreDot continues to develop the XFC technology in both cylindrical and prismatic form factors with updates expected soon on shipping those to OEM partners.

Yaron Fein, StoreDot Vice President R&D: “The latest tests represent a landmark not just for StoreDot, but also the global battery industry and the entire sustainable mobility ecosystem. Our product performance goal for 2022 was to reach 1000 cycles of consecutive extreme fast charging of 10 to 80 percent in ten minutes, with an energy density of at least 300Wh/Kg.

“I am delighted to announce that not only have we achieved our target but have also exceeded it – and we already have in our labs enhanced formulation that allows us to show further improved performance. This is the first time ever that cell performance of this magnitude has been achieved. The results stand testament to StoreDot’s relentless R&D drive, the enthusiasm of everyone in the company and to the Extreme Fast Charging vision we share with our partners.

“When a lithium battery is charged and discharged once, it is called a cycle, and typically lithium battery capacity degrades quickly in fast charging cycles. Our silicon-dominant chemistry is different, allowing EV battery cells to charge for more than 1000 cycles before degrading the battery to 80% of its original capacity.”

StoreDot remains focused on delivering its hype-free technology roadmap to global automotive companies. This relentless development program extends far into the future, where the target is to deliver 100 miles of range after just 2 minutes of charge within a decade.