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StoreDot Opens Research Hub in California

An Israeli battery developer for electric vehicles StoreDot has announced the launch of a new R&D hub (research and development center). It will be located in the American capital of innovation, San Francisco.

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According to the CEO of the company Doron Myersdorf, the opening of a hub in Silicon Valley will allow the company to attract the world’s best specialists workforce.

In addition, with a US presence, StoreDot will be able to better negotiate with the local automakers and potential local partners.

Myersdorf also said that StoreDot is considering a joint venture with a US company.

As before, StoreDot plans to start mass production of batteries using XFC technology (extreme fast charging) in 2024, and XED technology (extreme energy density) in 2028.

StoreDot Opens Research Hub in California