StoreDot signs Chinese manufacturing partner

November 30, 2018 // By Nick Flaherty
StoreDot signs Chinese manufacturing partner
Israeli fast charging battery technology company StoreDot has signed EVE Energy in China as a manufacturing partner.

EVE, one o fthe largest battery makers in China, will support the mass production of the first generation of StoreDot's FlashBattery technology for consumer electronics, enabling a full charge in only 5 minutes. With an initial focus on production for the Chinese market, EVE is also expected to help support a global roll out. This partnership will later extend to the production of StoreDot's second generation FlashBattery technology designed for use by electric vehicles (EV).

EVE is the largest designer and provider of primary lithium batteries within China, and is also one of the top tier suppliers of EV and Electricity Storage System (ESS) batteries, with over 1050 national patents for its technology. StoreDot and EVE have signed a framework agreement covering production of StoreDot's proprietary FlashBattery samples, production of StoreDot FlashBatteries at EVE's manufacturing facility, and a plan to build a joint manufacturing facility in China in a joint venture.

"We are thrilled to be joining StoreDot on this journey," said Liu Jincheng, Chairman of the Board and General Manager at Eve. "Ultra-fast charging batteries are an essential technology of the future, and by combining our manufacturing capabilities with StoreDot's technology prowess, we believe that we will soon be able to produce ultra-fast charging batteries to meet the diverse requirements of our customers," he said.

"At StoreDot, we are proud of our ecosystem of strategic partners. From Daimler to BP, to Samsung and TDK, each partner is a leader in its respective fields and enables us to advance and improve the ecosystem necessary to support StoreDot FlashBattery technology. This will be initially optimized for power-banks and smartphones, but ultimately, for electric vehicles too," said Dr Doron Myersdorf, CEO and Co-Founder of StoreDot. "The agreement with EVE has enabled us to add an additional manufacturing partner into the mix, therefore expanding our global manufacturing capabilities. We're excited to take this important step in StoreDot's journey of

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