Polestar Eyes Extreme Fast Charging - Partners With StoreDot For Prototype Vehicle
Portfolio Pulse from Shivani Kumaresan
Polestar Automotive Holding UK Plc (NASDAQ:PSNY) and StoreDot, an Israel-based electric vehicle batteries maker, have partnered to explore the application of XFC battery cell technology to an existing platform. The '100-in-5' XFC cell charging technology, which delivers 100 miles of range in just five minutes of charging, was demonstrated alongside a Polestar battery module prototype. The collaboration follows Polestar's investment in StoreDot and is part of an ongoing strategic partnership. The companies aim to demonstrate StoreDot's production-ready XFC technology at full scale in a Polestar 5 prototype vehicle in 2024.
November 10, 2023 | 1:01 pm
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Polestar's partnership with StoreDot to explore XFC battery cell technology could potentially revolutionize the EV ownership experience by significantly reducing charging times. This could enhance Polestar's competitive position in the EV market and positively impact its stock.
The partnership with StoreDot could potentially give Polestar a competitive edge in the EV market by significantly reducing charging times, which is a key concern for many potential EV buyers. This could lead to increased demand for Polestar's vehicles, potentially boosting its revenues and positively impacting its stock price.
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