Storedot, manufacturer of extreme fast charging (XFC) battery technology for electric vehicles (EVs) has signed a strategic partnership agreement with global automotive component manufacturer Flex|N|Gate. The agreement will see both companies collaborate to sample and scale up the commercialization of StoreDot’s XFC battery cells. Samples of its ‘100in5’ battery cells will be produced next year at Flex|N|Gate group’s Flex-lon lithium-ion cell pilot factory in Windsor, Ontario while working with local automotive OEMs to produce cells with specified performance and formats.
“Working with Flex|N|Gate opens vast new opportunities for StoreDot in the North American market, including the ability to localize its cell production,” said Amir Tirosh, StoreDot COO. “The collaboration allows us to serve the needs of local OEMs, building upon our recently established California R&D facility. Our 100in5 battery cells are already being tested by EV manufacturers; this strategic agreement gives us ability to scale up rapidly to mass production and flexibility to produce OEM li-ion battery cells at the scale and in the form, factors required by this burgeoning industry. Enabling owners to charge their cars safely in minutes is no longer an option, as range and charging anxiety remain the main barriers for mass EV adoption.”
StoreDot aims to revolutionize the conventional Li-ion battery by innovating and synthesizing proprietary organic and inorganic compounds, optimized by AI algorithms, enabling to charge an EV in under 10 minutes – the same experience as refuelling a conventional combustion engine car. It’s hoped this will help overcome the critical barriers to mainstream EV adoption – range and charging anxiety.
“Producing extreme fast charging battery cells at giga-scale is a key competitive requirement in the electric vehicle industry,” said Guido Benvenuto, Flex|N|Gate Vice President of Global Sales. “Applying our mass production manufacturing expertise to StoreDot’s cutting-edge technologies will create an ideal framework to establish world-class cell manufacturing facilities. Early next year, cells will be produced at Flex-Ion’s pilot plant in Windsor, Ontario, where we have established the capacity and flexibility to service the needs of the automotive industry. This will be a significant and rewarding development as the Americas transition to electrified mobility.”