StoreDot's 2024: first EV with XFC, US expansion, prismatic B-samples

The company will continue its path to commercialisation by firmly pursuing mass production of its XFC technologies. It will focus its immediate R&D efforts on developing advanced B-sample prismatic cells, through joint development programmes with several global car manufacturers, as well as working with OEMs on the different form factors they require.

In collaboration with Polestar, StoreDot intends to showcase the world’s first EV fitted with XFC battery cell technology this year. This demonstration of production-ready batteries, fitted to a prototype vehicle is set to be a game changer for the industry, opening the door for the entire EV ecosystem to embrace XFC technology.

Supporting this progress, StoreDot's US team will expand into its new facility in Irvine. StoreDot’s US arm is well placed to harness the skills available on the west coast as it develops future semi-solid and solid-state batteries. It is well-positioned to directly serve the company’s US-based automotive customers.

StoreDot will continue to enhance its partnerships with other automotive manufacturers and manufacturing partners, in order 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.

Doron Myersdorf, CEO StoreDot, said: "We are incredibly excited for the future and proud of the progress we have made so far. 2024 will be the year of prismatic B-samples, proving our XFC technology scales to automotive production as we transition towards mass manufacturing readiness. StoreDot is the pioneer of XFC cells, and this year will see us continuing our path towards commercialisation and cementing our position as the world leader in delivering extreme fast charging battery technologies.”