StoreDot’s Extreme Fast Charging (XFC) technology will soon enable lighter, more affordable electric vehicles (EVs) with smaller battery packs. The company’s silicon-dominant batteries aim to offer 100 miles (160 km) of range in just 5 minutes of charging. The reduced battery size could save around 200 kg of weight and cut manufacturing costs by approximately $4,500. With range anxiety no longer an issue, the focus shifts towards charging time and affordability. StoreDot’s XFC batteries are currently being tested by over 15 global automotive manufacturers, with mass production expected by 2024. The breakthrough technology has the potential to transform the accessibility and sustainability of EVs, leading to widespread adoption.
Overcoming range and charging anxiety
StoreDot’s XFC technology aims to address the primary barriers to EV adoption: range and charging anxiety. As public charging infrastructure becomes more widespread, concerns about EV range diminish. The focus then turns to reducing charging times and lowering costs. StoreDot’s 100in5 silicon battery cells, set for mass production readiness in 2024, promise to deliver 100 miles of range for each 5 minutes of charging.
According to Dr. Doron Myersdorf, StoreDot CEO, range anxiety will soon be a thing of the past as the global charging infrastructure expands. The main challenges now are charging anxiety and cost, both of which StoreDot’s XFC solution aims to address. By enabling drastically reduced charging times, automotive manufacturers can rethink their approach to battery size and range, leading to the development of smaller battery packs and ultimately more affordable EVs.
Encouraging a start-up mindset for faster EV growth
StoreDot believes that the automotive industry would benefit from adopting a start-up mindset to accelerate the adoption of innovative battery solutions. Traditional car companies often follow sequential prototyping and testing processes, which can be lengthy and may hinder battery breakthroughs. Dr. Doron Myersdorf encourages global automotive manufacturers to adjust their methods and mindset for more agile business practices when evaluating and implementing innovative technologies.
StoreDot’s strategic technology roadmap, dubbed ‘100inX’, remains on track and features milestones such as 100in5, 100in3, and 100in2 miles per minute of charging. The roadmap includes silicon-dominant anode, semi-solid-state, and post-lithium technologies, with mass production and adoption timings confirmed for 100in5 in 2024, 100in3 by 2028, and 100in2 by 2032. Aligning better with OEM processes could help accelerate the development and implementation of these technologies.
Real-world testing and strategic partnerships
StoreDot’s XFC battery cells are currently being evaluated by over 15 global automotive manufacturers, including Europe, Asia, and US-based OEMs. Real-world testing confirms the cells’ fast charging capability and the company is on track for mass production by 2024. StoreDot’s 300 Wh/kg EV pouch cells have achieved over 1,000 consecutive extreme-fast cycles, guaranteeing no battery degradation due to fast charging.
StoreDot has attracted investments from major players in the automotive industry, such as Daimler, Ola Electric, Polestar, VinFast, and Volvo Cars. The company is also working on developing its manufacturing partnerships on a global scale. With the support of these strategic partners and the continued development of XFC technology, StoreDot is poised to revolutionize the EV market and drive widespread adoption of more accessible and sustainable electric vehicles.
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