Tesla Should Be Worried About Volvo
But there is potentially a catch.
It’s easy to see why Tesla dominated the EV market. Their cars could charge faster and go further than anyone else. As such, choosing a rival EV made very little sense. But in recent years, competitors have caught up. You can now buy Kias and Hyundais that charge faster and go further for the same money. Well, it seems Volvo and their sister company, Polestar, are poised to leapfrog everyone. In a recent test, their latest Polestar 5 prototype was able to charge its 77 kWh battery from 10% to 80%, adding 217 miles of range, in just 10 minutes! That means this car charged nearly three times faster than any Tesla, and charging it takes the same amount of time as filling up a combustion car’s tank. So, not only has Polestar eclipsed Tesla, but it may have just made the combustion car utterly obsolete. Surely, this is enough to crush Tesla and crown Volvo/Polestar, the king of the EV world. However, there may be a catch.
Truth be told, it wasn’t really Volvo or Polestar that made this possible; it was StoreDot. They have been developing ultra-fast charging EV batteries for years now; it just so happens that Volvo is a major investor, and now part owner, in the company, granting them early access to their technology. The batteries in the Polestar 5 prototype were StoreDot’s XFC cells, which are designed to…
