Extreme fast-charging battery company StoreDot has announced a new strategic partnership agreement with automotive component manufacturer Flex-N-Gate. The agreement will see both companies collaborate to sample and scale up the commercialization of StoreDot’s game-changing extreme fast-charging (XFC) 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, Canada.
“This is an exciting and significant agreement that further supports and enhances our path to OEM commercialization,” said Amir Tirosh, chief operating officer at StoreDot. “Working with Flex-N-Gate, a Tier 1 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.”
Tirosh says that the 100in5 battery cells are already being tested by OEMs and that this new partnership will enable the company to scale up to mass production. It already has a global network of strategic partnerships with investors, manufacturing partners and OEMs, including Daimler, Ola Electric, Polestar and VinFast, and recently signed a new agreement with Volvo Cars.
“We are honored and excited to collaborate with StoreDot, an acknowledged innovation leader in the EV battery space,” said Guido Benvenuto, vice president of global sales at Flex-N-Gate. “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.”
StoreDot says it has received strong performance feedback for the evaluation and integration A-samples testing phase of its XFC electric vehicle battery cells. Testing programs have been conducted by 15 global automotive manufacturers from Europe, Asia and the US, as well as several of the company’s strategic ecosystem partners, with many now moving on to B-sample and cell integration programs.
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