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StoreDot, the pioneer of extreme fast charging (XFC) technology for electric vehicles, has announced the opening of an R&D innovation hub in California, U.S. The new hub will help StoreDot in its mission enhance the electrified vehicle ownership experience, eradicating range anxiety.
It will work alongside StoreDot’s Israel-based R&D headquarters, enabling its XFC automotive battery technologies to be mass produced by 2024.
It will also immediately commence research into next-generation extreme energy density (XED) solid-state capabilities and materials, with the aim of scaling-up these advanced technologies for mass production by 2028.
The company’s technology is making it possible to fully charge an EV in just five minutes – the same time it takes to refuel a conventional combustion engine vehicle.
Dr Doron Myersdorf, StoreDot CEO, says: “This new US R&D innovation hub signals that our business is rapidly expanding, as we are scaling up our extreme fast charging technologies. Establishing a facility in California will allow us to harness the world-class talent pool that’s available there, with many people and organizations at the forefront of next-generation advancements. This will bolster the development of our world leading XFC technologies and onto XED solid-state batteries. We are also actively considering establishing a manufacturing partnership in the US, as it’s essential that major automotive manufacturing centers have captive capacity, redressing the current imbalance in favor of Asian manufacturers and making batteries where electric vehicles are made.”
He adds: “Our new US team will work in tandem with our rapidly expanding global network bringing new skills and ideas in order that we can execute our clear technology roadmap, enabling automotive manufacturers to develop vehicles that overcome range and charging anxiety.”
StoreDot‘s strategic investors include BP, Daimler, Samsung Ventures and TDK.
In 2019, the company achieved a world first by demonstrating the live full charge of a two-wheeled EV in just five minutes.