StoreDot Signs Manufacturing Agreement with EVE Energy

On 3.11, StoreDot, a pioneer and global leader in Extreme Fast Charging (XFC) battery technology for electric vehicles, announced a major step towards commercialization and large-scale production through its partnership with EVE Energy (EVE Lithium), according to PRNewswire. 

Lithium-Ion re-signs strategic cooperation agreement with storedot

StoreDot, an Israeli battery development company and leader in Extreme Fast Charging (XFC) technology for electric vehicles has announced a strategic manufacturing agreement with EVE Energy. This marks a significant step towards the commercialization and mass production of its innovative batteries.


The partnership with EVE, the world’s leading battery manufacturer, enables StoreDot to utilize EVE’s advanced manufacturing capabilities to meet the pressing needs of OEMs with its 100in5 XFC batteries. These batteries can be recharged to 100 miles or 160 kilometers in just 5 minutes.


The 100in5 XFC battery will also be in mass production in 2024, making it the world’s first battery capable of very fast charging, truly solving the problem of charging anxiety. The 100in5 XFC battery achieves energy enhancement through innovation and breakthroughs in materials, rather than relying solely on physical stacking. This is an important reason why it is highly optimistic.

 StoreDot makes progress on manufacturing extreme fast charge batteries on three continents, nearing mass production readiness

The agreement’s key highlights include:


between StoreDot and EVE Energy for battery manufacturing.

StoreDot will have access to its fast-charging technology to improve large-scale production capabilities, resulting in

significant enhancements to advanced charging solutions for electric vehicle manufacturers.

The global manufacturing footprint of EVE Energy plays a critical role in this agreement.

StoreDot is making progress on its ’100inX’ product roadmap, which aims to improve charging speeds significantly. This will also help StoreDot advance its mass production efforts.


EVE has been working with StoreDot since 2017 as an investor and key shareholder member. EVE will manufacture the 100in5 XFC battery, highlighting the synergy between StoreDot’s innovative battery technology and EVE’s manufacturing capabilities. This agreement marks an important milestone in EVE’s overseas industrialization of high-end technologies.


It secures StoreDot’s volume manufacturing capabilities and solidifies a strong alliance aimed at advancing the electric vehicle industry with fast charging solutions.


Amir Tirosh, COO of StoreDot, emphasized the significance of the agreement, stating that it is a key turning point for StoreDot. The agreement with EVE Energy will enable StoreDot to serve customers who do not have their manufacturing capabilities.

Israers StoreDot unveis 5-minute charge' EV batter

About StoreDot:

StoreDot is an Israeli company that develops battery technology. They specialize in Extreme Fast Charge (XFC) batteries and are the first in the world to expect mass production of XFC batteries. However, they will not manufacture the batteries themselves. Instead, they will license the technology to EVE Energy for manufacturing.


StoreDot has a large number of strategic investors, including BP, Daimler, Samsung, and TDK, among others. This powerful alliance includes partners in lithium-ion, VinFast, Volvo Cars, Polestar, and Ola Electric.


The company aims to alleviate range and charging concerns for electric vehicle (EV) users. StoreDot’s goal is to enable EVs to charge as quickly as traditional cars refuel. This is achieved through the use of innovative silicon-dominated chemicals and AI-optimized proprietary compounds.

Post time: Mar-12-2024