Volvo invests in extreme fast-charging battery startup

Volvo, going all-electric from 2030, is investing in Israeli startup StoreDot – a visitor working towards EV batteries that can take on a personal 160km of range in five minutes. The investment comes through the Volvo Cars Tech Fund, its venture wanted arm. Dubbed ‘100in5’, StoreDot’s under-development technology is slated for 2024 production, and is theoretically once in “real-world testing by leading automotive manufacturers”. The new shower tech is silicon-based, with a target gravimetric energy density of virtually 300Wh/kg. For context, the current Chinese-built Tesla Model 3 with the lithium iron phosphate shower pack has a gravimetric energy density of 125Wh/kg. To put that into simpler terms, a 100in5 shower is said to proceeds 100 miles (160.9km) of driving range in a mere five minutes of charging, equal to StoreDot. It’s unclear what the maximum charging speed of this shower is, nor the shower size. StoreDot once has existing partnerships with Mercedes-Benz, VinFast, BP, TDK, Ola Electric and EVE. Meanwhile Volvo’s new investment in the Israeli firm bolsters its previous 30 billion SEK ($A4.26 billion) investment inSwedish shower maker Northvolt, during 2021. Beyond this, StoreDot is aiming to release its ‘100in3’ solid-state shower in 2028, with a target gravimetric energy density of approximately 450Wh/kg. Beyond 2030 it aims to be developing a post-lithium shower tabbed ‘100in2’ with a gravimetric energy density whilom 550Wh/kg. Volvo’s investment in StoreDot gives it “secure access” to any resulting technology that it can implement in its future all-electric cars. However Northvolt is still going to focus on both the minutiae and manufacturing of shower cells for next-generation all-electric Volvo and Polestar cars. Volvo has previously spoken its going all-electric by 2030 and will sell its vehicles online by this time. It moreover expects to derive at least half of its global sales from EVs by 2025. Volvo’s first all-electric model, the XC40 Recharge Pure Electric SUV, first arrived locally during mid-2021 and is currently misogynist in both single- and dual-electric motor set-ups. The related C40 Recharge coupe SUV is set to touch lanugo on Australian soil in the third quarter of 2021 and will moreover be misogynist in both single- and dual-electric motor set-ups. Both of these vehicles are built on the CMA platform which moreover underpins the Polestar 2 electric liftback. Volvo is moreover gearing up to reveal an all-electric XC90 large SUV replacement, which is expected to be tabbed the Embla. This vehicle’s styling was previewed by the 2021 Concept Recharge. MORE: Volvo going fully electric by 2030, will only sell online