StoreDot signs strategic manufacturing agreement with Eve Energy

StoreDot, an extreme fast charging battery technology firm for electric vehicles, has collaborated with EVE Energy to secure manufacturing capacity from the firm to produce its XFC batteries. 

The company will also license its technology to EVE and continue to pursue licensing agreements with other third parties, in conjunction with creating its own global captive capacity.

The deal will facilitate StoreDot's cells being produced from EVE's highly advanced production lines in the future, to be delivered directly to the company's customer portfolio of global electric vehicle manufacturers.

EVE Energy began its relationship with StoreDot in 2017 and announced a significant EVE affiliated investment in the business in 2021. 

"I'm also pleased as this agreement fully cements our strong alliance with EVE Energy," added Tirosh.