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Isreali firm produces an electric vehicle battery that can charge in just 5minutes.

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On Tuesday, the Israeli firm, StoreDot announced that it developed an electric vehicle (EV) battery that can be charged in just 5 minutes. This achievement can revolutionize the whole industry of EVs, and make transportation by electric cars viable. The company managed to charge a vehicle in 5 minutes last June, together with BP Ventures which invested $20 million into the project. StoreDot said that apart from other obstacles, a huge upgrade will be required for current charging stations in the future, for this battery to be used widespread in EVs. The battery has also been used in mobiles, drones and scooters, where they were charged ultra-fast.

The first-generation engineering samples demonstrate to EV OEMs and battery manufacturers the successful replacement of graphite in the cell’s anode using metalloid nano-particles – a key breakthrough in overcoming major issues in safety, battery cycle life and swelling

StoreDot Announcement

One of the reasons why EVs were not the preferred choice of transportation is due to ‘range anxiety’- the fear that the vehicle runs out of charge mid-journey, without a charging station nearby. Safety is another reason as EV batteries have an occasional tendency to spontaneously combust. It will take time until the new battery will be used by most EVs. The company is aiming for commercial launch by 2025, if it finds the right partners, according to CEO Doron Myersdorf.

There are still a number of obstacles for the new battery, before it is implemented in EVs. Since the battery can be charged in just 5 minutes, it also means that the battery degradation will be faster. Also, the current EV-charging infrastructure is incompatible with the 5-minute charging times of this new battery. The upgrade of all charging stations may take years.

The company already produced around a thousand of the ultra-charging batteries in China by the German company, Eve Systems. The produced batteries are meant to showcase the new technology to car makers around the World. StoreDot CEO and Co-founder said,

We are proud to make these samples available, but today’s milestone is just the beginning. We’re on the cusp of achieving a revolution in the electric vehicle charging experience that will remove the critical barrier to mass adoption of electric vehicles.

StoreDot CEO and Co-founder Doron Myersdorf Statement.

In an interview with the Guardian, StoreDot CEO also said,

A five-minute charging lithium-ion battery was considered to be impossible.But we are not releasing a lab prototype, we are releasing engineering samples from a mass production line. This demonstrates it is feasible and it’s commercially ready.

StoreDot CEO and Co-founder Doron Myersdorf Statement.

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