Polestar polar star announced its first financial investment in storedot, an Israeli ultrafast battery charging technology enterprise, in the name of the company. Polar star officials pointed out that storedot is to develop ultra fast rechargeable electric vehicle batteries with silicon as the main material. The company aims to produce electric vehicle batteries with a charge of 5 minutes and a endurance of 160 kilometers by 2024. Storedot's advanced battery technology is consistent with Jixing's strategy, that is, to jointly promote the development of the electric vehicle industry with a wider range of innovative industry partners.
It is reported that polar star is cooperating with storedot to explore and apply its technology to polar star's proof of concept vehicle. The test project includes storedot battery technology tailored for polar star automobile, so as to realize faster charging and higher recyclability.
Thomas ingrat, CEO of polar star, said: "As a brand focusing on performance and sustainable development, polar star can determine the development path and provide valuable experience for the new battery technology in the automotive industry. Charging and endurance are the common concerns of fuel owners about electric vehicles, and storedot's advanced battery technology is expected to provide a real solution. If our current pilot project with storedot is successful, they will be applied to polar star's vehicles by 2026."
Doren melsdorf, the founder and CEO of storedot, said: "We are very pleased to reach an agreement with polar star to make it an investor and partner of storedot. Like us, polar star is an innovative brand with development aspirations and has played a key role in the development of the electric vehicle industry, leading us to a cleaner and zero emission world. We look forward to giving full play to the great potential of storedot technology in our cooperation and eliminating the anxiety of polar star users about charging and endurance in the future 。”