Polestar to Incorporate Storedot's Extreme Fast Charging Battery Technology Into EVs

StoreDot, a developer of extreme fast charging (XFC) battery technology for electric vehicles, has announced a collaboration with Polestar. The two companies are working to demonstrate StoreDot's production ready XFC technology at full scale in a Polestar 5 prototype vehicle in 2024.

The collaboration includes key integrations such as the engineering design and cooling.

Polestar has invested in StoreDot as part of an ongoing strategic partnership.

StoreDot has already unveiled its '100inX' strategic technology roadmap, outlining three generations of EV battery technologies.

Its technology offers 100 miles of range in just five minutes of charging with no battery degradation.

Dr Doron Myersdorf, CEO of StoreDot, says: "This is a huge step for StoreDot and a strong endorsement that our ground-breaking technology is readying for mass production. We are extremely pleased and proud that Polestar aims to be the first automotive company to showcase our extreme fast charging battery cells in a full-scale, driveable prototype. Polestar is already a strategic investor in our business, but this really cements and builds on our collaboration. We still have lots of work to do to fully integrate our systems into a production car, but our teams are already fully engaged, and we will be demonstrating those results in the coming months.

Thomas Ingenlath, CEO of Polestar, adds: "StoreDot was our first financial investment in another company, and we have been collaborating with them to apply their advanced technology in proof-of-concept Polestar cars. StoreDot's pioneering extreme fast charging batteries, combined with our upcoming top-of-the-line electric powertrain, can revolutionize the ownership experience for EV owners with the ability to recharge in minutes."

StoreDot's strategic investors and partners include BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK, and its manufacturing partner EVE Energy.