The two companies say the collaboration will lead to the development of XFC cells which will be optimized and tailored for Volvo’s future electric vehicle architectures.
It is expected that the first samples will be delivered for testing next year.
StoreDot has revolutionised the conventional Li-ion battery by innovating and synthesizing proprietary organic and inorganic compounds, optimized by Artificial Intelligence algorithms.
Its ‘100in5’ cells deliver 100 miles of range in five minutes of charging.
Dr Doron Myersdorf, StoreDot CEO said, “Our teams are now working together at pace, developing B-sample cells for Volvo Cars’ next generation fully electric architectures.
“There is a huge amount of work to do, optimizing all aspects of the system to meet Volvo’s exacting requirements.
“But we are confident that we will be delivering our fast-charging technology for real world testing as early as next year with the goal to enable Volvo Cars customers to benefit from our game changing XFC battery which enables 100 miles of range in just five minutes.”
Javier Varela Chief Operating Officer & Deputy CEO of Volvo said, “Volvo Cars is already a strategic investor in StoreDot, but this newly agreed collaboration takes our relationship a step further.
“We are delighted to be working together to develop advanced sample cells for our future EVs.
“There is a lot of work to be done but the opportunities to develop exciting new charging technologies together are huge.”