– StoreDot’s XFC technology is forecasted to become a mainstream feature for all electric vehicles after initially debuting in premium vehicles.
– The concept of extreme fast charging is enhancing the appeal and marketability of EVs, with drivers expecting it in their vehicles.
– XFC technology is expected to make EVs more desirable, allow for smaller battery packs, and increase fast charging infrastructure utilization.
– StoreDot’s ‘100in5’ XFC battery technology can charge 100 miles in 5 minutes and aims to charge in 3 minutes by 2028.
– StoreDot is working towards commercialization and has demonstrated its XFC battery technology by charging a Polestar 5 prototype EV in just 10 minutes.
– StoreDot’s strategic investors and partners include BP, Daimler, and Volvo Cars.