StoreDot has announced its manufacturing strategy in three continents to best serve its automotive customers.
StoreDot’s manufacturing strategy is focused on localizing its supply chain in the US, Asia and Europe.
Last year, StoreDot revealed its ‘100inX’ strategic technology roadmap which featured 100in5, 100in3 and 100in2 of miles per minute of charging, three generations of StoreDot technologies of silicon-dominant XFC, semi solid state and post-lithium architectures. The roadmap reaffirms that the timings for these will be delivered to car manufacturers over the coming decade with 100in5 by 2024, 100in3 by 2028 and 100in2 by 2032.
StoreDot plans to produce these batteries in existing and future local gigafactories, rather than building its own facilities in the mid-term and production is on track to commence later next year.
Dr Doron Myersdorf, StoreDot CEO “Today’s announcement is an important milestone for StoreDot as we build our global supply chain and manufacturing footprint. We look forward to working with our OEM partners in the US, Europe, and Asia to supply them with our world class extreme fast charging batteries.”
“It’s important that leading battery developers like StoreDot can deliver batteries consistently, efficiently, conveniently, and sustainably, as we care greatly about the environmental impact of battery supply chains. By serving our OEM customers from their own locations we can do this more effectively while demonstrating our commitment to net zero.”
Are you seriously considering your first or next EV? Then visit Electric Road’s CAR FINDER to get the right car for you!
This announcement follows news at the beginning of the year that its ground-breaking XFC batteries and systems are now being tested by over 15 global automotive brand manufacturers, and that it has additional potential manufacturing partnerships in the pipeline for this year.
StoreDot now has a growing network of strategic global partnerships and investors, spanning the entire battery ecosystem. To date it has received investments from global automotive manufacturers including Daimler, VinFast, Volvo Cars, Polestar and Ola Electric.
