Extreme fast charging (XFC) battery technology manufacturer StoreDot has revealed high-speed charging times are now just as crucial to the widespread adoption of electric vehicles (EV) 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.
“Charging anxiety remains a key barrier to mass adoption of EVs,” said Dr Doron Myersdorf, StoreDot CEO. “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. 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.”
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. The company has revolutionized the conventional Li-ion battery by innovating and synthesizing proprietary organic and inorganic compounds, optimized by Artificial Intelligence algorithms, enabling to charge an EV in under 10 minutes – the same experience as refuelling a conventional combustion engine car. 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.