Development of EV battery that charges in five minutes underway

An electric car battery that is capable of fully charing in five minutes is being developed in China.

The new lithium-ion batteries are being developed by an Israeli company called StoreDot, and are being manufactured by Eve Energy in China. The company has already produced 1000 sample batteries, which are compliant with li-battery certifications, said StoreDot.

The samples will be used to showcase the company’s technology to prospective buyers and investors, including BP, Samsung Ventures and Daimler.

One of the main drawbacks of EVs is that they are not yet suited to making long trips because of how long the batteries take to recharge. Most EV batteries can take anywhere between half an hour and 12 hours to charge, and it typically takes eight hours of driving before batteries need a recharge.

Electric vehicles also play a crucial part in US President-Elect Joe Biden’s climate-change plan, which aims to have America on an entirely green electrical grid by 2035.

StoreDot’s new battery may make this a more feasible reality.

“Today’s announcement marks an important milestone, moving XFC for the first time beyond innovation in the lab to a commercially-viable product that is scalable for mass production,” CEO Doron Myersdorf said in a press release. “We’re on the cusp of achieving a revolution in the EV charging experience that will remove the critical barrier to mass adoption of EVs.”

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