Electric vehicle shocker: StoreDot develops battery that can be charged in
five minutes
- Israel-based battery technology company StoreDot says it developed the
world's first car battery that can be fully charged in just five minutes,
although the invention will take time to become a commercial option.
- "This represents a significant milestone for the company in its
mission to eliminate the range and charging anxiety of electric vehicles,
demonstrating the commercial viability of XFC batteries for the first
time
via a small form-factor battery cell."
- In 2017, StoreDot raised $60M from a group of investors that included
Daimler (OTCPK:DDAIF) and Samsung (OTC:SSNLF). Other investors include
BP Ventures (NYSE:BP), AltaIR Capital, Rhodium, TDK and Millhouse
Capital.
- The breakthrough by StoreDot could be positive for companies like
Tesla (NASDAQ:TSLA), Nio (NYSE:NIO), Li Auto (NASDAQ:LI), Cruise (NYSE:GM
) and XPEng (NYSE:XPEV) down the road.
- StoreDot is a private company at the moment, but is sure to be taking
notice of the huge level of investor interest in IPOs and SPACs.
|Today, 9:07 AM|200 Comments
five minutes
- Israel-based battery technology company StoreDot says it developed the
world's first car battery that can be fully charged in just five minutes,
although the invention will take time to become a commercial option.
- "This represents a significant milestone for the company in its
mission to eliminate the range and charging anxiety of electric vehicles,
demonstrating the commercial viability of XFC batteries for the first
time
via a small form-factor battery cell."
- In 2017, StoreDot raised $60M from a group of investors that included
Daimler (OTCPK:DDAIF) and Samsung (OTC:SSNLF). Other investors include
BP Ventures (NYSE:BP), AltaIR Capital, Rhodium, TDK and Millhouse
Capital.
- The breakthrough by StoreDot could be positive for companies like
Tesla (NASDAQ:TSLA), Nio (NYSE:NIO), Li Auto (NASDAQ:LI), Cruise (NYSE:GM
) and XPEng (NYSE:XPEV) down the road.
- StoreDot is a private company at the moment, but is sure to be taking
notice of the huge level of investor interest in IPOs and SPACs.
|Today, 9:07 AM|200 Comments
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