• StoreDot hits all 2022 targets and remains firmly on track for the mass production of extreme fast charging ‘100in5’ battery cells by 2024

• VinFast, Ola Electric, Volvo Cars and Polestar all onboarded as strategic OEM partners and investors this year – with plans to extend the portfolio of partners even further in 2023

• StoreDot started shipping 300 Wh/kg EV form factor pouch cells to global car makers for testing in 2022, already yielding positive feedback. These cells achieve a world-leading consecutive extreme-fast charging of above 1,000 cycles and uniquely guarantee no battery degradation due to XFC

• Improved performance formulation currently being scaled-up in StoreDot labs and at its manufacturing partners while various packaging form-factors are being evaluated and tested

• Senior leadership team, US R&D facility and local EU presence expanded including the appointments of Dr. David Lee as global Chief Science Officer and Tamir Ben-Moshe as VP Operations

• 2023 focus is on establishing additional manufacturing partnerships and broadening StoreDot’s capabilities in various form factors as well as reducing charging times further

HERZLIYA, Israel, Dec. 13, 2022 /PRNewswire/ — StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles has already achieved all its planned milestones for 2022 and remains firmly on track for its 100inX strategic technology roadmap. Announced this year, the roadmap will see the delivery of mass produced battery…