Empowering Deeptech Breakthroughs: VinES x StoreDot Collaboration on XFC Batteries

Source: Vingroup News, VinES partners with StoreDot to accelerate the development of extreme fast-charging (XFC) batteries, April 2023.

In April 2023, VinES Energy Solutions, a member of Vingroup, announced a joint development agreement with StoreDot, an Israeli company known for pioneering extreme fast-charging (XFC) battery solutions for electric vehicles.

Image source: Vingroup

This collaboration builds upon VinES’s earlier strategic investment in StoreDot’s Series D funding round in January 2022, and marks an important milestone in advancing battery innovation within the Vingroup ecosystem.

Under the agreement, VinES and StoreDot will co-develop XFC battery cells in multiple form factors, laying the groundwork for mass production and commercial deployment. StoreDot will license and share its proprietary XFC technology, while VinES will contribute its expertise in battery form-factor development, manufacturing, validation, and supply chain operations.

The first generation of commercial-ready XFC battery cells is expected to launch in 2025, with VinFast vehicles set to be among the earliest adopters. These batteries aim to drastically reduce charging times and improve user experience, helping remove one of the major barriers to widespread EV adoption.

StoreDot’s technology roadmap includes its “100inX” vision — delivering 100 miles of range in 5 minutes by 2024, in 3 minutes by 2028, and in 2 minutes by 2032. This roadmap, combined with VinES’s manufacturing and industrialization capabilities, positions the partnership to play a leading role in the future of electric mobility.

VinVentures now oversees this investment, reflecting our empowerment value — giving startups the resources and strategic partnerships they need to turn bold ideas into real-world impact.

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