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.
“This newly minted agreement with Eve Energy is a pivotal inflexion point for StoreDot” said Amir Tirosh, COO StoreDot. “We now have the agreement for captive capacity, and it gives us the ability to implement our ambition for mass production of our extreme fast charging cell technologies. This will allow us to serve our customers who do not have their own manufacturing capability. I’m also pleased as this agreement fully cements our strong alliance with Eve Energy. We are already utilising its world-beating manufacturing expertise in our R&D efforts. But this takes our collaboration to a new era, an era of StoreDot’s commercialisation.”
StoreDot specialises in silicon-dominant chemistries that are essential for electric vehicles to be able to charge at extremely high speeds. The company is enhancing 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 aims to achieve 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.
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