A joint development agreement between extreme fast charging high-energy battery company StoreDot and energy solution provider VinES will see the companies collaboratively research, develop and offer extreme fast charge battery cells in different form-factors, to prepare for XFC battery mass production and supply.
Under the agreement, StoreDot will license and share its Extreme Fast Charging (XFC) technology, while VinES will provide and contribute its knowledge and experience with multiple form factor development, manufacturing, validation and global supply chain networks. The first XFC battery cells are estimated to be commercially available in 2025 when they will be adopted by VinFast vehicles.
“We’re delighted to be partnering with VinES and further cementing our long-standing relationships with Vingroup and VinFast,” said Dr Doron Myersdorf, CEO, StoreDot. “This venture is an important one for us as we look to build more partnerships with companies at every level of the EV battery ecosystem such as Vingroup. I’m confident that the combination of our XFC cell chemistry and VinES’s complementary form-factor development, manufacturing, evaluation, certification and supply chain capabilities will deliver world-class market leading EV batteries that will raise the bar further for the industry.”
“The partnership with StoreDot reflects VinES’s complementary strategies by combining global innovative technologies with those in-house in our state-of-the-art production of electric vehicle batteries in Vietnam,” added Pham Thuy Linh, CEO of VinES. “With the XFC technology, we believe it will offer improved customer experience, provide cost savings and remove charging time anxiety entirely. With StoreDot’s team of talented scientists and experienced experts, combined with our know-how in multiple form-factor development, real production experiences, we are excited to work toward a near-future commercialization of the XFC technology and contribute to the acceleration of the EV revolution globally.”
For more information on StoreDot’s ‘100inX’ batteries, click here.