StoreDot, pioneer of extreme rapid-charging battery solutions for electric vehicles, has announced its near readiness of mass production, with the aim to manufacture its batteries on three continents: the US, Europe, and Asia.
The company has deployed a strategy of manufacturing the batteries in existing gigafactories, allowing it to serve its OEM customers in their own locations, localising its supply chain and therefore reducing carbon impact and enabling just-in-time production efficiency.
In 2022, StoreDot revealed its ‘100inX’ strategic technology roadmap. This featured the 100in5, 100in3 and 100in2, delivering at least 100 miles of range for five, three and 2 minutes of charging respectively. The roadmap reaffirms that the timings for these will be delivered to automotive OEMs over the coming decade with 100in5 by 2024, 100in3 by 2028 and 100in2 by 2032.
StoreDot will continue to develop its cells in its labs in the US and Israel and remains on target for mass production readiness of ‘100in5’ cells by 2024.
“Today’s announcement is an important milestone for StoreDot as we build our global supply chain and manufacturing footprint. We look forward to working with our OEM partners in the US, Europe, and Asia to supply them with our world class extreme fast charging batteries,” said Dr Doron Myersdorf, StoreDot CEO.
“It's important that leading battery developers like StoreDot can deliver batteries consistently, efficiently, conveniently, and sustainably, as we care greatly about the environmental impact of battery supply chains.
“By serving our OEM customers from their own locations we can do this more effectively while demonstrating our commitment to net zero.”
This announcement follows news at the beginning of the year that its groundbreaking batteries and systems are now being tested by over 15 global automotive brand manufacturers, and that it has additional potential manufacturing partnerships in the pipeline for this year.