With a resolute stride towards electric vehicle (EV) technology evolution, Volvo Cars formalized a partnership with StoreDot, a vanguard in EV batteries. This formidable collaboration spans several years, envisioning a future where recharging EVs could rival the swiftness and convenience of conventional refueling.
At the heart of this strategic alliance is the ambition to develop an optimized battery, exclusively engineered for the next generation of Volvo electric vehicles. By melding the expertise of both entities, this venture aims to birth XFC cells—spearheading the EV battery technology landscape, meticulously tailored to meet Volvo’s unfolding electric vehicle designs.
Marking a substantive leap in electrification, the first tangible outcomes of this alliance are anticipated to emerge next year, with the unveiling of XFC cell prototypes slated for rigorous scrutiny. A cornerstone feature of StoreDot’s XFC technology is its astounding capacity to furnish a driving range of 160 kilometers with a mere 5 minutes of charging—heralding a novel epoch of fast-charging solutions.
Dr. Doron Myersdorf, the CEO of StoreDot, underscored the significance of this agreement, “This is a highly significant agreement for both StoreDot and Volvo Cars. Our teams are now working together at pace, developing B-sample cells for Volvo Cars’ next-generation fully electric architectures. There is a huge amount of work to do, optimizing all aspects of the system to meet Volvo’s exacting requirements. But we are confident that we will be delivering our fast-charging technology for real-world testing as early as next year with the goal to enable Volvo Cars customers to benefit from our game-changing XFC battery, which enables 100 miles of range in just five minutes.”
Resonating a similar sentiment, Javier Varela, the Chief Operating Officer and deputy CEO of Volvo, remarked, “We are delighted to be working together to develop advanced sample cells for our future EVs. There is a lot of work to be done but the opportunities to develop exciting new charging technologies together are huge. We can’t wait to see the fruits of our work being tested in the real world.”
This announcement dovetails seamlessly with Volvo’s recent declaration to cease diesel engine production, steering its entire fleet towards electrification by 2030. The automaker’s ambitious stride in the Indian market is evidenced by the launch of the C40 recharge electric SUV, its second EV offering, priced at Rs. 61.25 lakhs. The laudable WLTP range of 530 km on a single charge underscores Volvo’s commitment to amalgamating luxury with efficiency. Furthermore, the eagerly awaited launch of the EM90, an MPV, on 12th November 2023, highlights the firm’s robust roadmap to electrification.
As the synergy between StoreDot and Volvo Cars burgeons, a promising horizon of fast-charging EV technology is being unveiled. This pioneering partnership charts a path for a paradigm shift, not only reaffirming Volvo’s vanguard position in the automotive arena but also orchestrating a more sustainable and efficient future for global mobility.
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