Global automotive industry leader Carl-Peter Forster has been appointed Chairman of StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles. Forster has wide-ranging, long-standing automotive industry expertise including senior posts at Geely, Volvo, Tata Motors, and BMW.
This key appointment, effective immediately, signals yet another step in StoreDot’s global expansion and even closer ties with the global automotive industry, as it remains firmly on track for the mass production readiness of its game-changing ‘100in5’ by 2024, delivering at least 100 miles of range in just five minutes of charging
“We are delighted that someone with Carl-Peter Forster’s experience is joining us at this exciting stage of StoreDot’s expansion,” said Dr Doron Myersdorf, StoreDot CEO. “He joins our global expert leadership team, and we are looking forward to benefitting from his impeccable automotive industry experience and insight as well as his invaluable strategic guidance as we move from R&D focus to manufacturing and execution.”
StoreDot has previously revealed its ‘100inX’ strategic technology roadmap. This featured 100in5, 100in3 and 100in2 of miles per minute of charging – three generations of StoreDot technologies of Silicon dominant XFC, semi solid state and post-Lithium architecture. The roadmap timings for these fast-charging solutions will be delivered over the coming decade with 100in5 by 2024, 100in3 by 2028 and 100in2 by 2032.
“It’s an honour to be joining StoreDot, a company that I have admired for some time,” said Carl-Peter Forster. “I am a passionate advocate of EVs and recognize that charging anxiety is currently a major barrier to true mass adoption of these zero-emission technologies. Therefore, the work that Doron and his team are doing to put extreme fast charging batteries into mass production is vital for our industry. I am looking forward to working closely with them and harnessing my experience to help in taking this extraordinary technology to market.”
The company now has a growing network of strategic partnerships and investors, spanning the entire battery ecosystem. To date it has received investments from automotive manufacturers including Daimler, Ola Electric, Polestar, VinFast and Volvo. Additional EV OEMs are currently conducting real-world tests of XFC cell samples.