Herzeliya (Israel) based StoreDot, has signed a multi-year agreement with Volvo Cars to develop an optimized battery for the next generation Volvo cars. This collaboration, with experts from Volvo Cars and StoreDot working together, is aimed to develop extreme fast charging (XFC) battery cells, optimized and tailored for Volvo’s future electric vehicle architectures. It is expected that the first samples will be delivered for testing next year.
Volvo Cars is already a strategic investor in StoreDot, but this newly agreed collaboration takes the relationship a step further. Dr. Doron Myersdorf, StoreDot CEO, said it is a highly significant agreement for StoreDot. “Our teams are now working together developing B-sample cells for Volvo Cars’ next generation fully electric architectures. The goal is to enable Volvo Cars’ customers to benefit from our XFC battery technology, which enables 100 miles of range in just five minutes of charging.”
StoreDot has developed a unicque Extreme Fast Charging batteries for electric vehicles . It has revolutionized the conventional Li-ion battery by synthesizing proprietary organic and inorganic compounds, enabling to achieve very fast charging. In 2022, the company achieved a world first by demonstrating a live extreme fast charging of an EV battery cell in just 10 minutes.
Recently StoreDot reported performance feedback for the evaluation and integration A-Samples testing phase of its XFC electric vehicle battery cells. The comprehensive testing programs took place earlier this year by 15 leading global automotive brand manufacturers from Europe, Asia, and the US, as well as several of StoreDot’s strategic ecosystem partners.