We have received a report confirming that the project is progressing according to the roadmap:
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The mass production of batteries is projected to launch in 2025; -
A revenue forecast of $100 million is expected in 2027.
Storedot’s XFC batteries, known for their capability to drive 100 miles with just 5 minutes of charging, are slated for mass production as early as 2025. To date, StoreDot have signed agreements with automakers such as Volvo, Polestar, Ola Electric and VinFast, and are in the process of finalizing agreements with GM, Ferrari and Tesla. StoreDot have also secured deals with battery manufacturers EVE Energy, Vin-ES and Flex|N|Gate. We anticipate more positive updates from the company and will keep you updated.