Skip advert
Advertisement

Volvo invests in electric car battery developer StoreDot

StoreDot collaboration could see longer range, quicker charging and lower costs for Volvo and Polestar EVs

Volvo has anmounced it is investing in StoreDot, an Israeli company developing fast-charging battery technology for electric cars.

StoreDot has previously said it is working on technology that could result in batteries that can charge up to 99 miles of pure electric range in five minutes. The partnership could mean StoreDot’s technology could hit the public roads in Polestar and Volvo models by 2024. 

Head of Volvo Cars Tech Fund, Alexander Petrofski, said “our investment in StoreDot perfectly fits that mindset, and their commitment to electrification and carbon-free mobility matches our own. We’re excited to make this a successful collaboration for both parties and work towards bringing this groundbreaking technology to the market.”

Advertisement - Article continues below

StoreDot’s charging claim would make it the fastest charging battery in a car to date. StoreDot says that it has successfully produced 1,000 cells and mounted them in devices such as mobile phones, drones and a pure-electric moped. The five-minute recharge time of the scooter was also showcased in 2019 with a live demonstration.

To make the technology work in an electric car would require much higher-powered vehicle chargers than those currently in use today. However, StoreDot is yet to announce what output these new chargers would require to charge its new battery effectively.

Volvo’s joint venture with StoreDot comes four months after the Swedish firm announced its collaboration with Northvolt for a £2.5 billion electric car battery research and development facility.

Now click here for our review of the new, pure-electric Volvo C40 Recharge

Skip advert
Advertisement
Senior news reporter

A keen petrol-head, Alastair Crooks has a degree in journalism and worked as a car salesman for a variety of manufacturers before joining Auto Express in Spring 2019 as a Content Editor. Now, as our senior news reporter, his daily duties involve tracking down the latest news and writing reviews.

Find a car with the experts

Skip advert
Advertisement

Recommended

Best electric car deals: today's top discounts and incentives on new EVs
Best electric car deals - header image

Best electric car deals: today's top discounts and incentives on new EVs

Making the switch to an EV? These car brands have an offer (or two) for you
Best cars & vans
28 Apr 2025
Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond
Best new cars coming soon - header image

Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond

These are the most important new cars headed our way, from brands including Audi, BMW, Dacia, Ferrari, Ford, Skoda and more
Best cars & vans
8 Apr 2025
Gaussian splatting helps Volvo avoid real-life car accidents
Volvo EX90 - front cornering alt

Gaussian splatting helps Volvo avoid real-life car accidents

Oddly named 3D tech creates lifelike virtual scenarios to test driver-assistance systems
News
19 Mar 2025
New Volvo EX60 partly unveiled in clay model form
Volvo EX60 - clay teaser

New Volvo EX60 partly unveiled in clay model form

It’s the first time Volvo has given us a look at its upcoming electric XC60 alternative
News
7 Mar 2025

Most Popular

New Kia PV5 Passenger MPV undercuts the VW ID.Buzz by a huge £25k
Kia PV5 Passenger - show front

New Kia PV5 Passenger MPV undercuts the VW ID.Buzz by a huge £25k

New entry into the electric people carrier market undercuts the VW ID. Buzz by a significant margin
News
29 Apr 2025
New 2025 Kia PV5 van starts from a tempting £22,645
Kia PV5 Cargo on display at Commercial Vehicle Show - front 3/4

New 2025 Kia PV5 van starts from a tempting £22,645

All-new entry into the van market promises competitive pricing and comes with a range of up to 247 miles
News
30 Apr 2025
Ford Fiesta to return? Icon could be reborn as re-nosed Volkswagen ID.2
Ford Fiesta facelift - front cornering

Ford Fiesta to return? Icon could be reborn as re-nosed Volkswagen ID.2

VW’s sales and marketing boss considers Ford tech share “very successful” – and won’t rule out future projects
News
30 Apr 2025