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ISRAEL, 4 October 2023: StoreDot, a trailblazer in extreme fast charging (XFC) battery technology for electric vehicles (EVs), has sealed a groundbreaking multi-year agreement with Volvo Cars to create high-performance batteries tailored for Volvo’s upcoming electric vehicles. This strategic partnership promises to reshape the future of EV charging.
StoreDot and Volvo’s Collaborative Vision
StoreDot and Volvo Cars will pool their expertise to develop XFC cells optimized for Volvo’s forthcoming electric vehicle platforms. This collaboration signals a significant leap forward in the world of EV technology. The teams from both companies are already hard at work, with the first round of sample cells slated for testing in the coming year.
Dr Doron Myersdorf’s Insights
Dr Doron Myersdorf, StoreDot’s CEO, recognizes the significance of this collaboration. He states, “This is a highly significant agreement for both StoreDot and Volvo Cars. Our teams are now working together at pace, developing B-sample cells for Volvo Cars’ next generation fully electric architectures. There is a huge amount of work to do, optimizing all aspects of the system to meet Volvo’s exacting requirements. But we are confident that we will be delivering our fast-changing technology for real-world testing as early as next year with the goal to enable Volvo Cars customers to benefit from our game-changing XFC battery which enables 100 miles of range in just five minutes.”
Javier Varela’s Perspective
Javier Varela, Chief Operating Officer & Deputy CEO of Volvo, expresses Volvo’s excitement about this collaboration, stating, “Volvo Cars is already a strategic investor in StoreDot, but this newly agreed collaboration takes our relationship a step further. We are delighted to be working together to develop advanced sample cells for our future EVs. There is a lot of work to be done, but the opportunities to develop exciting new charging technologies together are huge. We can’t wait to see the fruits of our work being tested in the real world.”
Revolutionizing EV Charging
StoreDot recently reported impressive performance feedback during the evaluation and integration A-Samples testing phase of its XFC EV battery cells. This phase involved rigorous testing by 15 leading global automotive manufacturers from Europe, Asia, and the US, along with several of StoreDot’s strategic ecosystem partners.
Conclusion
The collaboration between StoreDot and Volvo Cars represents a significant leap forward in EV technology. As they work together to optimize XFC cells for Volvo’s upcoming electric vehicles, the future of EV charging looks promising. With real-world testing set to begin next year, the industry eagerly anticipates the game changing XFC battery that can deliver 100 miles of range in just five minutes. This partnership reaffirms Volvo Cars’ commitment to shaping the future of sustainable and efficient electric mobility.
