StoreDot says its new battery that can be charged in five minutes will help overcome range and charging anxiety for drivers and help accelerate mass adoption of EVs.
The Israeli firm has released the first batch of sample cells of its new extreme fast charging (XFC) lithium-ion battery which uses nano-scale metalloids and proprietary compounds.
The samples, which were made by its partner in China, Eve Energy Co, are able to be manufactured on existing production lines there.
In the past two years StoreDot has successfully charged an electric two-wheeled scooter as well as a commercial drone in five minutes using its technology.
Dr. Doron Myersdorf, CEO of StoreDot, said that the company is getting one step closer to making its vision of five-minute charging of EVs a commercial reality making. “Our team of scientists has overcome inherent challenges of XFC such as safety, cycle life and swelling by harnessing innovative materials and cell design.
“Today’s announcement marks an important milestone, moving XFC for the first time beyond innovation in the lab to a commercially-viable product that is scalable for mass production.
“This paves the way for the launch of our second-generation, silicon-dominant anode prototype battery for electric vehicles later this year.
“We’re on the cusp of achieving a revolution in the EV charging experience that will remove the critical barrier to mass adoption of EVs.
StoreDot’s strategic investors include BP, Daimler, Samsung Ventures and TDK.