StoreDot, the company behind the revolutionary 100in5 battery technology that can charge an electric vehicle in just five minutes, has announced a strategic partnership with EVE Energy, one of the world’s top battery manufacturers.
The partnership, which was signed today, will enable StoreDot to access EVE’s large-scale production facilities and to license its technology to EVE and other third parties. This will accelerate StoreDot’s commercialization and mass production of its extreme fast charging (XFC) batteries, which are based on silicon-dominant chemistries.
StoreDot’s XFC batteries will be manufactured by EVE’s advanced production lines in the future, and will be supplied to StoreDot’s customers, which include some of the leading electric vehicle makers in the world.
StoreDot’s COO, Amir Tirosh, said: “This is a pivotal moment for StoreDot. We now have the agreement for captive capacity, and it gives us the ability to implement our ambition for mass production of our extreme fast charging cell technologies. This will allow us to serve our customers who do not have their own manufacturing capability.
“I’m also pleased as this agreement fully cements our strong alliance with EVE Energy. We are already utilizing its world-beating manufacturing expertise in our R&D efforts. But this takes our collaboration to a new era, an era of StoreDot’s commercialization.”
EVE Energy’s Senior Vice President, Alexander Holden, said: “We are delighted to announce this new chapter in EVE Energy’s relationship with StoreDot. Mass production of its extreme fast charging battery cells is the next step in the company’s hugely impressive trajectory, and we are delighted to utilize our global manufacturing expertise to help facilitate this. This is a highly significant partnership, and we are excited to be able to help deliver StoreDot’s proven XFC technology to leading electric vehicle manufacturers.”
StoreDot is a world leader in XFC battery technology, which can overcome the long charging times and limited range of electric vehicles, two of the main barriers to mass adoption. The company has demonstrated its 100in5 technology, which can charge an electric vehicle to 100 miles in just five minutes, and has a roadmap to achieve 100 miles in four minutes by 2026 and 100 miles in three minutes by 2028.
EVE Energy is a global leader in battery manufacturing and innovation, and is among the top 10 suppliers of cells for electric vehicles. The company has a strong presence in China, with five production sites, and is expanding its operations in Asia, Europe, and North America. EVE Energy has been collaborating with StoreDot since 2017 and has invested in the company in 2021.
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