Israeli battery technology start-up StoreDot has announced a collaborative partnership with China-based EVE Energy.
The agreement gives StoreDot access to EVE’s extensive manufacturing footprint and the ability to mass-produce its ‘game-changing 100in5’ extreme fast charging battery cells.
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StoreDot will secure manufacturing capacity from EVE to produce its XFC batteries. The company will also license its technology to EVE and continue to pursue licensing agreements with other third parties, in conjunction with creating its own global captive capacity.
The deal will facilitate StoreDot’s cells being produced from EVE’s highly advanced production lines in the future, to be delivered directly to the company’s customer portfolio of global electric vehicle manufacturers.
Amir Tirosh, COO of StoreDot said: “This newly minted agreement with EVE Energy is a pivotal inflexion point for StoreDot. We now have the agreement for captive capacity, and it gives us the ability to implement our ambition for mass production of our extreme fast charging cell technologies.”
EVE Energy began its relationship with StoreDot in 2017 and announced a significant EVE affiliated investment in the business in 2021.
Alexander Holden, Senior Vice President at EVE Energy said: “This is a highly significant partnership, and we are excited to be able to help deliver StoreDot’s proven XFC technology to leading electric vehicle manufacturers.”
StoreDot specialises in silicon-dominant chemistries that are essential for electric vehicles to be able to charge at extremely high speeds.
