StoreDot Announces Plans to Produce Extreme Fast Charging Battery Cells for US EV Market

StoreDot, a developer of extreme fast charging (XFC) battery technology for electric vehicles (EVs), has signed a strategic partnership agreement with Flex|N|Gate, a leading global automotive component manufacturer. The agreement will see both companies collaborate to sample and scale up the commercialisation of StoreDot’s XFC battery cells for EVs.

Samples of StoreDot’s 100in5 battery cells will be produced in 2024 at Flex|N|Gate’s lithium-ion cell pilot factory in Windsor, Ontario, Canada, while working with local automotive OEMs to produce cells with specified performance and formats.

Global automotive and EV manufacturers like Daimler, Ola Electric, Polestar, VinFast, and Volvo Cars are already key strategic partners of StoreDot.

Amir Tirosh, StoreDot COO, says: “This is an exciting and significant agreement which further supports and enhances our path to OEM commercialization. Working with Flex|N|Gate, a tier one manufacturer and global leader in mass-scale automotive component production, opens vast new opportunities for StoreDot in the North American market, including the ability to localize its cell production. The collaboration allows us to serve the needs of local OEMs, building upon our recently established California R&D facility."

Guido Benvenuto, Flex|N|Gate Vice President of Global Sales, adds: “We are honored and excited to collaborate with StoreDot, an acknowledged innovation leader in the EV battery space. Producing extreme fast charging battery cells at giga-scale is a key competitive requirement in the electric vehicle industry. 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.”

In 2022, StoreDot achieved a world first by demonstrating a live extreme fast charging of an EV battery cell in 10 minutes.

The company is on target for mass production readiness of 100in5 technology by 2025.