The Chinese EVE Energy Co. will start the mass production of the first generation of StoreDot’s FlashBattery technology for consumer electronics, enabling a full charge in only 5 minutes. With an initial focus on production for the Chinese market, EVE will also support the global roll out. This partnership will later extend to the production of StoreDot’s second generation FlashBattery technology designed for use by electric vehicles (EV).
StoreDot from Herzliya near Tel aviv has developed an instant-charging battery for smartphones, wearables, tablets, and laptops. It is called FlashBattery, and similar to known super capacitor technology, it charges faster than any other battery, but stores more power per second than any Li-Ion battery (LiB). While LiBs are aimed at increasing battery capacity, StoreDot has taken a new approach in tackling the growing need for frequent smartphone charging.
The Road to Joint Venture
StoreDot uses innovative organic compounds synthesized in its labs, to dramatically reduce charging time while supporting a full day of phone operation. The company says that unlike available rapid-charging solutions that are known to shorten battery-life, its FlashBattery architecture withstands sufficient charge/discharge cycles, thereby allowing fast charging without the need to replace the battery over the lifetime of your phone.
EVE is considered the largest designer and provider of primary lithium batteries within China. It is one of the top tier suppliers of EV and Electricity Storage System (ESS) batteries, with over 1,050 national registered patents. StoreDot and EVE have signed a Framework Agreement for long-term partnership. This cooperation includes the production and evaluation of StoreDot’s proprietary FlashBattery samples, production of StoreDot FlashBatteries at EVE’s manufacturing facility and an intention to build a joint manufacturing facility in China under a joint venture agreement.
This partnership will later extend to the production of StoreDot’s second generation FlashBattery technology designed for use by electric vehicles (EV).