In Los Angeles today, Polestar announced exploration of StoreDot’s 100-in-5 XFC battery cell technology, which follows the EV maker’s agreement with SK On for Polestar 5 batteries, a strengthened business plan, and the start of production of the important Polestar 4.
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The startup has developed the MIX design platform trained on proprietary datasets leverages “the world’s most advanced AI algorithms” to accelerate EV battery development five- to ten-fold like with partner UBCO and launched its first generation of batteries ready for prototype shipment to customers.
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Unlike most battery tech companies focusing on chemistry, the Israel-based startup founded in 2018 focuses on improvements of the physical structure of the battery allowing the company to improve any type of battery including new technologies that have not yet been commercialized.
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The Volvo Cars Tech Fund investment is the latest financial vote of confidence in StoreDot’s advanced technologies as it targets mass production of silicon-dominant lithium-ion battery cells delivering 100 mi of range in 5 min of charging by 2024.
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