StoreDot announced a significant step forward on the path to commercialization and mass production with its collaborative partnership with EVE Energy.
The agreement gives StoreDot access to EVE’s extensive manufacturing footprint and the ability to mass produce its game-changing 100in5 extreme fast charging battery cells. StoreDot will secure manufacturing capacity from EVE to produce its XFC batteries. The company will also license its technology to EVE and continue to pursue licensing agreements with other third parties, in conjunction with creating its own global captive capacity.
The deal will facilitate StoreDot’s cells being produced from EVE’s highly advanced production lines in the future, to be delivered directly to the company’s customer portfolio of global electric vehicle manufacturers.
StoreDot is a world leader in silicon-dominant chemistries that are essential for electric vehicles to be able to charge at extremely high speeds. The company will continue to enhance its partnerships with other automotive manufacturers and manufacturing partners, to scale up its global manufacturing footprint and capacity to support global car makers.
Through its ‘100inX’ product roadmap, StoreDot’s remains on track with production-readiness of XFC cells that can deliver 100 miles charged in 5 minutes this year, 100 miles charged in 4 minutes in 2026 and 100 miles charged in 3 minutes by 2028.
EVE Energy began its relationship with StoreDot in 2017 and announced a significant EVE affiliated investment in the business in 2021. It is now firmly established as one of the world’s leading battery manufacturers and is in the top 10 suppliers of cells for electric vehicles, with close ties to many leading automotive manufacturers. Its global footprint extends to ten sites in China, with facilities under construction or in planning elsewhere in Asia, Europe, and North America.
