StoreDot & Flex-N-Gate announce cooperation
Under the agreement, both companies are to collaborate to sample and scale up the commercialization of StoreDot’s extreme fast charging battery cells for electric vehicles.
The first samples of StoreDot’s 100in5 battery cells are to be produced next year at Flex-N-Gate Group’s ‘Flex-lon’ lithium-ion cell pilot factory in Windsor, Ontario while working with local automotive OEMs to produce cells with specified performance and formats.
“This is an exciting and significant agreement which further supports and enhances our path to OEM commercialization. Working with Flex-N-Gate, a tier one manufacturer and global leader in mass-scale automotive component production, opens vast new opportunities for StoreDot in the North American market, including the ability to localize its cell production,” said Amir Tirosh, StoreDot COO, adding: “Our 100in5 battery cells are already being tested by electric vehicle manufacturers; this strategic agreement gives us ability to scale up rapidly to mass production and flexibility to produce OEM li-ion battery cells at the scale and in the form factors required by this burgeoning industry.”
There are already a few high-profile car manufacturers interested in StoreDots batteries, such as Volvo and Polestar, who even went so far as to become a shareholder in 2022. This was about ten days after StoreDot presented how quickly its battery technology is capable of charging.
Earlier this year, StoreDot also revealed that it had a number of partnerships to test its cells spread around the globe, although the exact partners were not revealed. StoreDot does add that “many [of the testing partners are] now moving onto B sample and cell integration programs.”
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