Storedot signs strategic agreement with Flex|N|Gate to produce extreme fast charging battery cells for US EV market

StoreDot, a developer of extreme fast charging (XFC) battery technology for electric vehicles, signed a strategic partnership agreement with Flex|N|Gate, a leading global automotive component manufacturer.

This agreement will see both companies collaborate to sample and scale up the commercialization of StoreDot’s 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.

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.

—Amir Tirosh, StoreDot COO

StoreDot is growing a global network of strategic partnerships with investors, leading OEMs, and manufacturing partners. Global automotive and EV manufacturers such as 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.

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 76 integrated manufacturing, product development and advanced product engineering facilities. The group employs a global team of more than 26,000 individuals. Flex|N|Gate Group companies operate facilities in the United States, Canada, Mexico, Spain, France, 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.