Israeli battery developer StoreDot has announced an expanded collaboration with Chinese battery manufacturer EVE Energy. As part of the agreement, StoreDot has secured manufacturing capacity at EVE for the production of its “extreme fast-charging” (XFC) batteries.
Series production of XFC cells to start 2024
The agreement gives StoreDot access to EVE’s manufacturing facilities and the ability to mass produce its “100in5” battery cells. According to StoreDot, XFC cells that can charge energy for 100 miles in five minutes are scheduled to be ready for volume production later in 2024. By 2026, the charging time for 100 miles is projected to be reduced to four minutes and by 2028 to three minutes respectively.
Several license agreements to be pursued
In addition, the company will license its technology to EVE as part of the collaboration. Further licensing agreements with other parties are being pursued. No further details were provided regarding the term of the agreement or targeted production volumes.
