STOREDOT'S BATTERY TECHNOLOGY OFFERS EV OWNERS A WINTERPROOF CHARGING EXPERIENCE

• Drivers can overcome winter range anxiety and utilize EV batteries for optimal range, even in freezing conditions 
• StoreDot's battery can charge up to 80% of its full capacity at 14°F (-10°C) when charged at standard speed
• It delivers consistent discharge performance, up to 70% of the full vehicle range at - 4°F (-20°C) and 85% of the full vehicle range at 14°F (-10°C)
• StoreDot's technology offers longer range, faster charging, and longer battery life all year-round

HERZLIYA, Israel, March 4, 2024 /PRNewswire/ -- StoreDot,  the pioneer of silicon-dominant extreme fast charging (XFC) battery technology for electric vehicles (EVs), has confirmed that its battery cells offer consistent and reliable winter performance. This means that EV drivers can recharge their vehicles even in freezing weather, while still maintaining an excellent driving range. With this technology, winter range anxiety is eliminated, providing EV drivers with a reliable and efficient solution.

Recent laboratory tests show StoreDot's silicon battery cells reach 80% capacity when charged at -10°C with standard charging speed. StoreDot's battery cells have been tested and have shown a consistent discharge rate and an adequate driving range, even in sub-freezing conditions. At a temperature of 14°F (-10°C), the cells delivered over 85% of their full range capacity. Even in the extreme cold of -4°F (-20°C), the cells still provided over 70% of their full range capacity.

Compared to traditional EV batteries currently on the market, StoreDot's XFC cells have higher energy storage capacity, faster charging speeds, and longer lifetime, making them future-proof and providing optimal performance year-round, regardless of the climate.

Dr Doron Myersdorf, CEO of StoreDot "Our latest tests have demonstrated that our batteries can outperform traditional cold weather range and charging limitations that often hamper electric vehicles in colder climates. Although all lithium-ion batteries tend to lose capacity in extreme cold, our innovative design that uses silicon-dominant anodes minimizes this loss. Our batteries deliver optimal driving range even in most extreme, subzero conditions. With our revolutionary technology drivers can now conquer winter's toughest challenges, ensuring a smooth driving experience in any climate or conditions and eliminating winter range anxiety."

StoreDot has recently announced its anticipated milestones for 2024. These include the demonstration of the world's first EV pack equipped with XFC technology, shipping prismatic B-samples to OEMs, and expanding operations in the US on the path toward commercialization.

StoreDot is on track with production-readiness of XFC cells that can deliver 100 miles charged in 5 minutes this year. The company aims to achieve 100 miles charged in 4 minutes in 2026 and 100 miles charged in 3 minutes by 2028.

About StoreDot

StoreDot is the pioneer and world leader of extreme fast charging (XFC) electric vehicle batteries that overcome the critical barriers to mainstream EV adoption – range and charging anxiety. The company has revolutionized the conventional Li-ion battery by innovating and synthesizing proprietary organic and inorganic compounds, optimized by Artificial Intelligence algorithms, enabling the charging of an EV in under 10 minutes – the same experience as refueling a conventional combustion engine car.

Through its '100inX' product roadmap, StoreDot's battery technology is delivering 'Range on Demand™': 100 miles charged in 5 minutes in 2024, 100 miles charged in 4 minutes in 2026, and 100 miles charged in 3 minutes by 2028. StoreDot's strategic investors and partners include BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK, and its manufacturing partner EVE Energy.

StoreDot's media kit can be found at this link.

Infographic - https://mma.prnewswire.com/media/2353130/StoreDot.jpg

SOURCE StoreDot