StoreDot, a pioneer of extreme-fast-charging (XFC) battery technology for electric vehicles, has opened its first U.S. research facility in Irvine.
The Israeli company, which Forbes magazine says has “the battery technology to beat Tesla,” says it is on target to see delivery of mass-produced battery cells capable of 100 miles of range in five minutes of charge by 2024.
“Now that we have an operational U.S. base, we are looking to harness the world-class talent pool here to bolster the development of our XFC technology and its future generations,” StoreDot Chief Science Officer Dr. David Lee says.
StoreDot’s battery cells are now being tested by 15 global automotive manufacturers, and the company has received investments from Daimler, Volvo Cars and others.
