Israeli fast-charge battery start-up StoreDot has said it has achieved all its planned milestones for 2023.

Other milestones the battery tech firm has reached include signing agreements with Volvo Cars, and VinFast to jointly develop optimised XFC batteries.

Doron Myersdorf, StoreDot CEO said: “In 2023, StoreDot has not only achieved all of its planned milestones, but we have also made significant strides towards commercialisation and mass production of our extreme fast charging battery cells.”

“We proudly declare ourselves as the world’s leading company in XFC battery technologies, a title we’ve earned through our dedication to innovation and unwavering commitment to pushing the boundaries of what’s possible”

StoreDot says it remains on target for mass production readiness of ‘100in5’ cells next year delivering at least 100 miles, or 160 kms of range in just 5 minutes of charging.

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By GlobalData