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Daily Newsletter

01 November 2023

Daily Newsletter

01 November 2023

StoreDot claims testing breakthrough for its XFC battery cells

StoreDot claims consecutive extreme fast charging conditions did not degrade StoreDot’s cells

Dani Cole November 01 2023

Israeli battery start-up StoreDot says its silicon dominant extreme fast charging (XFC) battery cells have successfully passed an extended set of charging profile tests.

The company claims results show that consecutive extreme fast charging conditions did not degrade StoreDot’s cells after 1000 consecutive XFC cycles.

Dr Doron Myersdorf, StoreDot CEO said: "This remarkable accomplishment underscores our commitment to developing cutting-edge technology that is not only extremely fast but also highly durable.

"The significance of testing our silicon-batteries under various use-case conditions demonstrates our battery’s robustness regardless of drivers’ charging habits, recharging frequency, or charger power.”

StoreDot's has a global network of strategic partnerships with investors, EV OEMs, and manufacturing partners.

Global automotive and EV manufacturers like Daimler, Ola Electric, Polestar, VinFast, and Volvo Cars are key strategic partners and investors of the company.

Earlier this year StoreDot said its batteries were ‘on track’ for 2024 production.

High upfront costs could be detrimental towards the growth of the off-highway EV market

The global off-highway electric market is expected to grow at a CAGR of 17.4% by 2030, per GlobalData. Despite the strong growth, high upfront costs may pose a challenge. Due to the high capacity of these vehicles, they consume large amounts of power from a number of battery packs installed on the vehicle, whose high cost in turn adds to the cost of the vehicle, thereby increasing the initial cost. However, governments worldwide are offering subsidies and tax exemptions in order to help customers to counter the initial purchase cost.

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