StoreDot achieves 850 consecutive extreme fast charging cycles, obtained 12 ground-breaking patents, and expanded to the US and Asia ends of 2021.
- StoreDot has exceeded all its 2021 targets ahead of schedule and remains firmly on track for the mass production of extreme fast charging – XFC – battery cells by 2024
- StoreDot accomplishes the major goal of producing silicon dominant XFC cells that charge in 10 minutes and maintain at least 80% of energy after 850 consecutive extreme fast charging cycles with an outstanding energy density of 300Wh/kg and 680 Wh/l
- Significant progress in areas of StoreDot’s global expansion, innovation leadership, manufacturing readiness, and industry expertise
- 12 allowed patents accelerating the transition towards mass adoption of electric vehicles
- Momentous news on StoreDot’s solid-state advancements due in early 2022
StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles, has achieved a major landmark by being the first company to produce silicon dominant XFC cells that are capable of charging in 10 minutes and maintain 80% energy retention, or more, after 850 consecutive fast charge cycles with an outstanding energy density of 300Wh/kg and 680 Wh/l. The breakthrough milestone of 1000 consecutive XFC cycles is expected early in 2022.
Its achievements across the areas of global expansion, innovation leadership, manufacturing readiness, and industry expertise – including a dozen of ground-breaking patents – position StoreDot at the forefront of the electrification revolution of the automotive industry.
STOREDOT Achieves 850 Extreme Fast Charging – XFC Cycles and Expands to the US and Asia
In addition to its battery cell exceptional performance, StoreDot’s major achievements this year include:
Global expansion: it expanded its global footprint with partnerships in China (EVE Energy), and the US (Group 14 Technologies) as well as announcing its R&D innovation hub in California.
Innovation leadership: it was allowed 12 patents including ones that rapidly increase the crucial ‘miles per minute’ of charging ratios, give EV batteries fixed capacity and driving range throughout their lifespan, as well as (earlier this month) allow battery cells to regenerate while they are in use. StoreDot also won Frost & Sullivan’s New Product Innovation Award.
Manufacturing readiness: it became the first company to reveal fast-charging 4680 cylindrical cells that can be fully charged in 10 minutes and produce silicon-dominant extreme fast charge (XFC) cells for electric vehicles on a mass production line.
Industry Expertise: it grew its senior leadership team, announcing former head of BP Ventures, David Gilmour as Executive Chairman, appointing a global advisory board as well as ramping up its US West Coast R&D facility.
Dr. Doron Myersdorf, StoreDot CEO- “We’re delighted to conclude our best year yet by hitting all our key milestones earlier than anticipated. We will look back on 2021 as one of the years where we took significant strides forward benefiting the entire EV industry in many areas while fostering our leadership position in the EV battery space.
We are now looking towards an even busier 2022 where we continue to drive forward the adoption of EVs. We will not only build upon this year’s achievements but shortly be sharing exciting news for our upcoming solid-state cell technologies. StoreDot has a bright future where we aggressively continue to execute on our vision of giving automotive manufacturers a clear technology roadmap for a seamless and rapid transition to electrification and we continue to promote a zero-emission world for generations to come.”
StoreDot focuses on delivering technologies that improve driving experiences and help reduce range and charging anxiety with more miles of driving range per minute of charging.
The Company remains committed to its targets of bringing Extreme Fast Charging (XFC) to mass production by 2024 followed by Solid State, Extreme Energy Density (XED) technology by 2028.