StoreDot Stock

Tesla is reportedly exploring "extreme fast charging" technology developed by Israeli startup StoreDot, which could potentially charge its electric vehicles for 100 miles of driving in just five minutes. However, the source of this information is not cited, and Tesla has not confirmed the rumor.

StoreDot, a pioneer in extreme fast charging batteries, is working on a solution to reduce range and charge anxiety for electric vehicle (EV) users. The company has developed a new battery that can be charged in under ten minutes using AI algorithms and organic and inorganic compounds. StoreDot has partnered with VinES, an energy solution provider, to introduce extreme fast charge battery solutions for the green mobility market, including VinFast's EVs.

Tesla is reportedly exploring StoreDot's XFC battery technology, which uses nanomaterials and organic compounds to enable rapid charging without compromising battery capacity. Meanwhile, the start date for Tesla's Mexico Gigafactory, which is expected to produce 2 million cars annually, is said to be delayed until 2025. The factory is also expected to be twice the original size, with a projected investment of $10 billion.