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StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles, has just announced that it has signed a strategic partnership agreement with Flex|N|Gate, a leading global automotive component manufacturer.

This landmark agreement will see both companies collaborate to sample and scale up the commercialization of StoreDot’s game-changing extreme fast charging battery cells for electric vehicles. Samples of StoreDot’s 100in5 battery cells will be produced next year at Flex|N|Gate Group’s “Flex-lon” lithium-ion cell pilot factory in Windsor, Ontario while working with local automotive OEMs to produce cells with specified performance and formats.

Amir Tirosh, StoreDot COO “This is an exciting and significant agreement which further supports and enhances our path to OEM commercialization. Working with Flex|N|Gate, a tier one manufacturer and global leader in mass-scale automotive component production, opens vast new opportunities for StoreDot in the North American market, including the ability to localize its cell production. The collaboration allows us to serve the needs of local OEMs, building upon our recently established California R&D facility.

“Our 100in5 battery cells are already being tested by electric vehicle manufacturers; this strategic agreement gives us ability to scale up rapidly to mass production and flexibility to produce OEM li-ion battery cells at the scale and in the form factors required by this burgeoning industry. Enabling owners to charge their cars safely in minutes is no longer an option, as range and charging anxiety remain the main barriers for mass EV adoption.

“We look forward to a long and fruitful relationship with Flex|N|Gate as we roll out the XFC revolution together.”

Guido Benvenuto, Flex|N|Gate Vice President of Global Sales “We are honored and excited to collaborate with StoreDot, an acknowledged innovation leader in the EV battery space. Producing extreme fast charging battery cells at giga-scale is a key competitive requirement in the electric vehicle industry. Applying our mass production manufacturing expertise to StoreDot’s cutting-edge technologies will create an ideal framework to establish world-class cell manufacturing facilities. Early next year, cells will be produced at Flex-Ion’s pilot plant in Windsor, Ontario, where we have established the capacity and flexibility to service the needs of the automotive industry. This will be a significant and rewarding development as the Americas transition to electrified mobility.”

StoreDot's commitment to innovation and collaboration is being demonstrated through its rapidly growing global network of strategic partnerships with investors, leading OEMs, and manufacturing partners. Global automotive and EV manufacturers like Daimler, Ola Electric, Polestar, VinFast, and Volvo Cars are already key strategic partners of the company.

Recently StoreDot reported strong performance feedback for the evaluation and integration A-Samples testing phase of its XFC electric vehicle battery cells. The comprehensive testing programs took place earlier this year by 15 leading global automotive brand manufacturers from Europe, Asia, and the US, as well as several of StoreDot’s strategic ecosystem partners, with many now moving onto B sample and cell integration programs.

About StoreDot

StoreDot is the pioneer and 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 to charge an EV in under 10 minutes – the same experience as refuelling a conventional combustion engine car.

Through its '100inX' product roadmap, StoreDot's battery technology is delivering ‘Range on Demand^TM’: 100 miles charged in 5 minutes in 2024, 100 miles charged in 3 minutes by 2028, and extreme energy density solution enabling 100 miles charged in 2 minutes by 2032. StoreDot's strategic investors and partners include BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK, and its manufacturing partner EVE Energy. In 2022, the company achieved a world first by demonstrating a live extreme fast charging of an EV battery cell in 10 minutes. StoreDot is on target for mass production readiness of 100in5 technology by 2025.

About Flex|N|Gate Group

Privately held Flex|N|Gate Group (www.flex-n-gate.com ), is controlled American industrialist Mr Shahid Rafiq Khan (https://en.wikipedia.org/wiki/Shahid_Khan ) The Flex|N|Gate Group is a leading manufacturer and supplier of parts, components, sub-systems and systems for the automotive industry with a global platform of seventy-seven(77) integrated manufacturing, product development and advanced product engineering facilities. The group employs a global team of over 26,000 individuals. Founded in 1956, it ranked as one of America's Best Large Employers by Forbes magazine in both 2021 and 2022. Flex|N|Gate Group companies operate facilities in the United States, Canada, México, Spain, France, Italy, Germany, the United Kingdom, China, and Argentina. Flex-N-Gate’s headquarters are located in the United States.”

Flex|N|Gate Group products are found on the world’s leading automotive badges, including: Acura, Audi, Bentley, BMW, Buick, Cadillac, Citroen, Dacia, Dodge, Fiat, Ford, General Motors, Genesis, GMC Truck, Honda, Hyundai, Infiniti, Jaguar, Jeep, Lamborghini, Land Rover, Lexus, Lincoln, Mazda, Mercedes-Benz, Mini, Mitsubishi, Navistar International, Nissan, Opel, Peugeot, Polestar, Range Rover, RAM, Renault, Rolls-Royce, SEAT, Škoda Auto, Smart, Subaru, Suzuki, Tesla, Toyota, Volkswagen, and Volvo.

Flex|N|Gate Group designs, manufactures and supplies the global automotive industry with complete advanced bumper assemblies, mechanical components, assemblies and systems, exterior painted plastic trim, interior plastic, stamped body-in-white, complex welded structural assemblies and advanced forward, in-vehicle and rear lighting for the light vehicle market.

Flex|N|Gate Group’s achievements are consistently recognized within the automotive industry. In 2022, Automotive News ranked FNG North America’s 7th largest supplier (31st largest globally). Repeated industry accolades over the last fifteen years include the following awards:(a) Ford World Excellence; (b) GM Supplier of the Year; (c) Toyota Excellent Quality Awards; (d) Nissan Supplier Diversity Award; (e) Subaru Excellence Awards, (f) Stellantis Supplier of the Year – North America; (g) VW Excellence in Development Award.

 StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles is reinforcing its commitment to advanced chemistries that ensure minimal battery degradation over the lifetime of an EV.

• StoreDot reiterates its commitment to Extreme Fast Charging (XFC) chemistry that minimizes battery degradation in EVs
• Amid claims of fast charge times and extended ranges from competitors, StoreDot stresses the importance of transparent communication on XFC including long-term battery health concerns
• StoreDot's unique silicon-dominant chemistry prioritizes battery lifespan and safety while delivering high charge rates
• Even after 1300 consecutive XFC cycles on a large 30Ah format cell, StoreDot’s batteries maintain 80% of their original capacity, making them highly durable
• Battery producers should be transparent as to the battery performance under extreme fast charging use case
• StoreDot remains on target for mass production readiness of ‘100in5’ cells next year delivering at least 100 miles, or 160 km of range in just 5 minutes of charging
• StoreDot continues to foster a growing network of strategic partnerships with its investors, leading OEMs and manufacturing partners around the world

The company's announcement is in response to recent industry claims touting fast charge times and extended ranges, which often overlook the potential long-term impact on battery health and the resulting degradation in vehicle’s driving range.

Without proper battery chemistry frequent fast charges can lead to reduced overall battery lifespan, due to degradation as a result of power charging which can compromise the integrity of battery cells.

Addressing this concern, StoreDot is emphasizing the importance of transparent communication from battery developers around critical factors associated with XFC such as battery health, cycle life, performance under extreme temperatures, safety parameters, and costs.

Even after 1300 consecutive XFC cycles on a large 30Ah format cell, StoreDot’s batteries maintain 80% of their original capacity, making them highly durable whilst providing Extreme Fast Charging to EVs.

After 1300 consecutive XFC cycles on a large 30Ah format cell, StoreDot’s batteries maintain 80% of original capacity, making them highly durable.

Dr Doron Myersdorf, StoreDot CEO “At StoreDot we put battery safety at the top of our agenda, ensuring that cells can accept high charge rates without compromising their lifespan. This has been our North Star over the last decade of development as we have continuously refined and improved our technology, and its importance mustn’t be underestimated.

“Even though battery deterioration and a decline in the state of health over the lifetime of the battery are inevitable, EV owners shouldn’t have to sacrifice lifespan and vehicle’s driving range for convenient daily use. A driver should be able to confidently charge at a consistently high rate, every time and regardless of how full the battery is when they arrive at the charging station.

“Additionally, OEMs are increasingly looking to extend battery warranties based on guaranteed states of health within specified mileage ranges. Thus, it's vital that manufacturers future-proof their batteries, whilst considering the increased rollout of higher-powered charging infrastructure and evolving XFC usage patterns.”

StoreDot's commitment to innovation and collaboration is being demonstrated through its rapidly growing global network of strategic partnerships with investors, leading OEMs, and manufacturing partners. Global automotive and EV manufacturers Volvo, Polestar, VinFast, and Ola Electric are already key strategic partners of the company.

Recently StoreDot reported outstanding battery performance feedback for the A-Samples testing phase of its XFC electric vehicle battery cells. The comprehensive testing programs took place earlier this year over six months by leading global automotive manufacturers from Europe, Asia, and the US, as well as several of StoreDot’s strategic ecosystem partners.

About StoreDot:

StoreDot is the pioneer and 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 designing and synthesizing proprietary organic and inorganic compounds, optimized by Artificial Intelligence algorithms, making it possible to charge an EV in under 10minutes – the same experience as refuelling a conventional combustion engine car.