Polestar invests in battery company

The EV manufacturer has become a shareholder of Israeli battery group StoreDot.

Photo: PR Polestar

Swedish automaker Polestar has carried out its first financial investment.

The company has elected to invest in Israeli battery producer StoreDot, which develops lithium-silicon batteries for electric vehicles. StoreDot expects to develop a battery capable of charging a battery in five minutes, allowing an EV to cover a distance of 160 kilometers.

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