VinES, a transformative energy solution provider and a member company of Vingroup, has concluded a joint development agreement with Israel’s StoreDot, the pioneer of extreme fast charging high energy battery solutions for electric vehicles.

The agreement follows the already announced strategic investment of VinFast into StoreDot (Series D, January 2022), marking a new milestone in the cell technology development between both companies and helping them to promote advanced battery technology and prepare to introduce XFC battery solutions for the green mobility market, including VinFast's smart electric vehicles.

The agreement will see both companies embark on a collaboration to jointly research, develop and offer extreme fast charge (XFC) battery cells in different form-factors, in preparation for XFC battery mass production and supply. StoreDot will license and share its proprietary XFC technology whereas VinES will provide and contribute its know-how and experience with multiple form factor development, manufacturing, validation and global supply chain network.

The first generation of this XFC battery cell is expected to be commercially available in 2025 and immediately adopted by VinFast vehicles. — VNS