The company says it is now on track to deliver its 100in5 silicon-dominant extreme fast charging batteries to EV OEMs by next year. This transformative technology will deliver 100 miles, or 160 km, of range in just five minutes of charge. As a result, EV drivers will no longer need to worry about the range between charges, or charging times, allowing car makers to re-evaluate the specifications of electric vehicles. With StoreDot's XFC technology, OEMs will be able to optimise a vehicle's weight and cost, rather than pushing for ever greater range and battery size.
Downsizing from an average premium vehicle requiring an 80kWh to a 50kWh battery pack could save approximately 200kg from the EV's weight (the equivalent weight of 3-4 people) and importantly, could reduce the build cost of the car by US$4,500, depending on metal cost fluctuations and energy density improvements. The environmental impact of such a design change will be highly significant too as it will lower the amount of raw materials used in each vehicle, reducing its EV carbon footprint throughout its lifecycle. XFC in smaller packs also means efficient regenerative braking as it can accommodate the corresponding recuperated high currents.
"The two remaining barriers to EV ownership are charging anxiety and cost, and StoreDot's XFC solution was designed to assist with both,” said Doron Myersdorf, StoreDot CEO. “Radically reduced charging times will allow automotive manufacturers to rethink how they approach battery size and range. When charging times are no longer an issue, it makes a lot more sense to fit smaller battery packs. The cost savings could transform the accessibility of EVs and sustainability of batteries, with better car efficiency, fewer raw materials needed and less recycling at the end of their in-vehicle life."
StoreDot's ground-breaking XFC battery cells are now being tested by over 15 global automotive manufacturers, while the company continues to develop its manufacturing partnerships on a global scale.
