StoreDot predicts rapid charging to go mainstream

Extreme fast charging (XFC) silicon battery technology company StoreDot is revolutionizing the electric vehicle (EV) industry by predicting that XFC technology will soon become mainstream for all EV drivers. Initially introduced as a premium offering in high-end EVs, StoreDot foresees that XFC will soon be a necessary industry standard, driven by consumer expectations for shorter charging times and longer ranges.

This vision of StoreDot aligns well with the evolving EV market, where innovative automotive features often start as premium offerings before becoming standard across all segments. As more drivers experience the convenience of XFC technology, it is expected to play a significant role in influencing purchasing decisions for all types of EVs.

StoreDot also predicts that XFC technology will make EVs more appealing to drivers who do not have access to home or workplace charging facilities. Additionally, it will enable Original Equipment Manufacturers (OEMs) to offer EVs with smaller battery packs, resulting in vehicles with a more attractive price point and lighter weight.

Moreover, as EV adoption with XFC capabilities becomes more widespread, the utilization and return on investment of fast-charging infrastructure are expected to increase significantly. This will further accelerate the adoption of XFC technology across the industry.

StoreDot is on track with the production readiness of its XFC cells, which can currently deliver a charge of 100 miles in just 5 minutes. By 2026, the company aims to achieve a charging time of 4 minutes for the same distance, and by 2028, it aims to charge 100 miles in just 3 minutes. Earlier this year, StoreDot demonstrated the capabilities of its XFC battery technology by charging a Polestar 5 prototype EV in just 10 minutes.

Dr. Doron Myersdorf, CEO of StoreDot, expressed his confidence in the future of XFC technology, stating, “XFC will become mainstream as it meets drivers’ expectations for shorter charging times and longer range. It will not only benefit the driver but the entire ecosystem as well. It will enhance the desirability of EVs, with some OEMs offering it as a premium customizable feature, akin to an extended range option.”

He added, “This desirability is crucial for OEMs, especially when addressing fluctuations in EV demand and consumer concerns about charging infrastructure. Importantly, our XFC technology does not compromise battery life or performance. As consumers become aware of this, the adoption of XFC will accelerate. We are working closely with leading brands to ensure fast adoption and a shorter time to market for our XFC technology, and we are thrilled about its imminent entry into the mass market.”

Image from StoreDot