StoreDot to Develop an Optimized Battery for Volvo’s Next-Generation EV

StoreDot, a pioneer in ultra-fast charging, has announced a significant agreement with Volvo Cars.

Notably, Volvo is already one of StoreDot’s strategic investors.
This new collaboration seeks to develop extremely fast charging (XFC) batteries, specifically tailored for Volvo’s upcoming electric vehicle architecture. Testing of the initial samples is anticipated to begin as early as next year.
Previously, Volvo declared its intention to become an all-electric car manufacturer, with plans to cease production of diesel cars by early 2024.
Shares of the Israeli tech startup have been a part of Veligera’s portfolio since 2021.

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