Wednesday, October 30, 2024
Infrastructure and TechnologyLatestNews

StoreDot forecasts extreme fast charging will become mainstream

Extreme fast charging (XFC) silicon battery technology firm StoreDot has forecast that the technology will become mainstream for all EV drivers, after initially entering the market as a premium offering in high-end EVs.

StoreDot’s vision aligns with growing consumer expectations for shorter charging times and longer range, which will drive XFC to become a necessary industry standard.

As the EV market evolves, the company sees XFC technology following the path of other innovative automotive features, starting as a premium offering before becoming ubiquitous, it said.

With more drivers experience its convenience, it’s expected to become a key factor in purchasing decisions across all EV segments, it believes.

Other predictions about XFC made by StoreDot are that it will make the EV option much more appealing to drivers that don’t have access to home or workplace charging and will allow OEMs to offer EVs with smaller battery packs, empowering them to offer vehicles with a more attractive price tag and a lighter weight.

In addition, fast charging infrastructure utilization and ROI is expected to increase as EV adoption with XFC capabilities is widely adopted. 

The company remains firmly on track with production-readiness of its XFC cells that deliver 100 miles charged in 5 minutes this year. It aims to deliver 100 miles charged in 4 minutes in 2026 and 100 miles charged in 3 minutes by 2028. Earlier this year it demonstrated that its XFC battery technology could charge Polestar 5 prototype EV in just 10 minutes.

Dr Doron Myersdorf, CEO of StoreDot, said:

“XFC will become mainstream as it meets drivers’ expectations for shorter charging times and a longer range. But it doesn’t stop with the driver; it’ll benefit the entire ecosystem. It will make EVs more desirable, and some OEMs will offer it as a customizable feature like an extended range premium option.

“This desirability is crucial for OEMs, especially when facing EV demand fluctuations and addressing consumer concerns about infrastructure and charging times. Importantly, our XFC technology doesn’t compromise battery life or performance and as consumers realize this, XFC adoption will accelerate. We continue to work closely with leading brands on delivering fast adoption and a shorter time to market for our XFC technology and are excited about it entering the mass market.”

Image from StoreDot

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