StoreDot opens California research facility

StoreDot is expanding with the official opening of its first U.S. research facility in Irvine, California. The company says the new lab facility will be used to speed up StoreDot’s development of semi-solid battery technology and battery material research.

The U.S. team is headed by StoreDot’s Global Chief Science Officer Dr. David Lee, with plans to expand the company’s U.S.-based R&D expertise. Lee and his team will work in tandem with StoreDot’s Israel-based R&D headquarters, enabling it to scale up globally and remain firmly on track for its 100inX strategic technology roadmap. Announced last year, the roadmap will see the delivery of mass-produced battery cells capable of 100 miles of range in five minutes of charge by 2024, 100 miles in three minutes by 2028 and 100 miles in two minutes by 2032.

BorgWarner has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of Hubei Surpass Sun Electric (SSE). The transaction has an enterprise value of up to RMB 410 million (approx. $59.36 million).

Headquartered in Xiangyang, Hubei province, China, SSE’s electrification business supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries. SSE says it has delivered over 50,000 charging points and has led the engineering, procurement, and construction (EPC) of more than 250 charging station sites. SSE’s charging and electrification capabilities in China are expected to complement BorgWarner’s existing capabilities in Europe and North America, the companies say. SSE’s 2022 revenues for the electrification business are expected to be approximately RMB 180 million (approx. $26.06 million).