Italvolt to license battery technology from Israel’s StoreDot
Electric vehicle batterymaker Italvolt will license fast-charging battery technology from Israeli start-up StoreDot to manufacture lithium-ion batteries at a plant it is raising funds to build in Italy, the companies said.
Italvolt will ringfence a minimum amount of the batteries produced at the plant for StoreDot’s business and customers, Italvolt’s statement said, without specifying the amount.
StoreDot, whose investors include the truck division of then Daimler, now Mercedes-Benz, BP, VinFast, Volvo, Polestar and Samsung, develops fast-charging battery cells for electric cars using silicon-rich electrodes that enable the cells to charge more quickly.