Having achieved all its planned milestones for 2023 and made significant progress toward commercialization and mass production, StoreDot has stated it is “the world leader delivering XFC battery technologies”.
Doron Myersdorf, StoreDot CEO, said, “We proudly declare ourselves as the world’s leading company in XFC battery technologies, a title we’ve earned through our dedication to innovation and unwavering commitment to pushing the boundaries of what’s possible. We are the first and only company to enable extreme fast charging with high cycle life of consecutive fast charging.”
Its declaration follows news last month that it is collaborating with Polestar to bring the world’s first EV fitted with extreme fast-charging battery cell technology to production, opening the door for the entire EV ecosystem to embrace XFC technology.
According to Storedot, the quality of its batteries was further validated after 15 leading global OEMs tested its cells this year, in real-world conditions over six to nine months, and reported outstanding performance. It also revealed that compared to standard slow charging, extreme-fast-charging conditions do not degrade the cells, even after 1,000 consecutive XFC cycles.
StoreDot expanded globally too, opening an innovation hub in California led by Chief Science Officer Dr. David Lee as well as announcing plans to manufacture its leading XFC batteries on three continents: the USA, Europe and Asia.
StoreDot has also showed its commitment to responsible, sustainable and ethical sourcing by partnering with Circulor, which the company wants to use to track the provenance and CO2 emissions of the raw materials used in its battery cells.
Myersdorf, added, “Our focus for 2024 is scale up and commercialization, and we remain on course to achieve mass production readiness of our ‘100in5’ cells next year. No other company is making as much progress in this sector as we are, and the EV world is about to witness the revolution we’re bringing to drivers’ charging experience.”