The agreement will focus on the development of several XFC types of cell form-factors, expected to be adopted on VinFast vehicles starting from 2025.
StoreDot, a company pioneering extreme fast charging (XFC) high-energy battery solutions for electric vehicles, has concluded a joint development agreement with VinES, a transformative energy solution provider and a member company of Vingroup, the largest private conglomerate in Vietnam.
After VinFast’s previously announced strategic investment in StoreDot (Series D, January 2022), the agreement represents an important step forward in advancing cell technology for both businesses. It will also help them promote advanced battery technology and get ready to launch XFC battery solutions for the green mobility market, which will include VinFast’s smart electric vehicles.
As part of the agreement, both businesses will work together to study, develop, and provide extreme fast charge (XFC) battery cells in various form factors to prepare for XFC battery mass production and supply. In contrast to VinES, which will offer its knowledge and experience in creating different form factors, production, validation, and a worldwide supply chain network, StoreDot will license and share its patented XFC technology.
VinFast vehicles are anticipated to start using the first iteration of this XFC battery cell as soon as it becomes commercially available in 2025.
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