According to StoreDot, its fast-charging battery technology will enable automakers to create electric vehicles (EVs) with smaller battery packs, which will ultimately reduce both cost and weight.
StoreDot argues that its extreme fast charging will allow more frequent recharges with less inconvenience, meaning automakers won’t need to rely on larger battery packs for range, which make EVs practical. The company states that smaller battery packs will improve efficiency by reducing weight, as well as decrease costs, making EVs more affordable. In a press release, StoreDot notes that its battery technology will help reduce EV weight and cost.
StoreDot claims its battery tech will reduce EV weight and cost
StoreDot claims that downsizing an EV battery pack from 80 kwh to 50 kwh could reduce weight by up to 440 pounds and cut manufacturing costs by about $4,500, depending on raw-material cost fluctuations and energy-density improvements. The company believes its technology will make this possible.
After conducting real-world testing, StoreDot plans to deliver its “100in5” battery cells to automakers by next year. These cells target 100 miles of range in just five minutes of charging, and StoreDot even offers an online calculator to illustrate this concept.
The company aims to launch cells that add 100 miles of range in three minutes of charging by 2028, and 100 miles with two minutes of charging by 2032. StoreDot claims that its batteries will be available in multiple formats, including pouch, prismatic, 46XX cylindrical, and 2170 cylindrical.
StoreDot sample batteries
BP, Polestar, and Volvo count as investors in StoreDot. The company also holds a high-volume manufacturing joint venture with EVE Energy, who will be one of the suppliers for BMW’s Neue Klasse EVs and Aptera among others. EVE Energy produced the first sample cells for StoreDot in 2021.
StoreDot is not the only battery firm emphasizing faster charging. Sila Nanotechnologies claims it can achieve this, along with a 20% range boost, with silicon-anode battery tech, which is set to go into the Mercedes-Benz EQG electric SUV. General Motors is betting on silicon-anode tech and backing developers in the hope that it produces more efficient batteries.
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