StoreDot, a provider of extreme fast charging (XFC) silicon battery technology for electric vehicles , enters Q4 of 2024 with a string of key milestones and strategic partnerships highlighting the company’s commercialization journey.
With five of the top ten OEMs in its current slate of 15 OEM testing programs, StoreDot’s silicon-based XFC battery is production-ready, durable and charges twice as fast compared to other premium fast-charge models, and with no added degradation.
Over the past months, several major automakers have scaled back their EV production amid signs of a decline in growth. After years of robust demand trajectory, industry insiders fear that a continued market slowdown could derail adoption momentum, particularly in Europe.
As EV government subsidies dry up, the main force behind the market slump is drivers’ concerns surrounding lacking charging infrastructure with limited availability of fast charge capabilities, a challenge solved by StoreDot’s advanced battery technology.
The company’s growth momentum is highlighted by its ongoing collaboration with leading OEMs that test and verify the performance of its battery, including a successful vehicle demonstration in a Polestar 5 prototype. The company now confirms that it works closely with at least five leading car manufacturers on customizing the technology and fitting it into the manufacturer-specific cell dimensions, to embed the 10 minute charging capability in upcoming models.
By confirming its production-ready, long-range EV batteries can charge in 10 minutes, StoreDot solidifies its market position as the only proven extreme fast-charge battery which doesn’t compromise range or battery health.
With over 100 patents in its IP portfolio, StoreDot’s “drop-in” technology utilizes existing manufacturing equipment and processes across multiple facilities, providing OEMs with a quick-to-market solution with no additional CAPEX.