Israel's StoreDot is making major headway in its bid to charge up devices in a matter of minutes with new battery technology.
Instead, the firm is using materials like tin, germanium and silicon in combination with organic compounds that it claims are a better solution for lithium-ion batteries than the cells used in most consumer electronics currently.StoreDot finds itself in a heated race with a multitude of companies looking to address the problem of slow recharging times for electric vehicles.
The firm expects five-minute smartphone and power bank charging to be available in the second half of 2020, while fast charging for electric cars likely won't come onto the market until 2023, StoreDot's boss said.Gigafactory, called OneGiga. Myserdorf said StoreDot is currently in talks with U.S. authorities to work out an ideal location for the facility.
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