Faster charging times are seen as key to persuading more customers to switch to electric vehicles.
Volvo Cars has invested in UK startup Breathe Battery Technologies and will use its battery software to cut charging time for its next generation of electric vehicles by 30%, the two companies said on Tuesday.
"This really comes down to reducing a pain point for customers," Volvo Cars Tech Fund CEO Ann-Sofie Ekberg told Reuters.
The investment in Breathe ensures "we get priorities and insights and also good collaboration... so we can be a first mover," Ekberg said.
A major challenge for automakers is that although rapid chargers can provide power to EVs faster, the software in those cars will often limit power intake to protect the battery from overheating or getting damaged.
By 2030, EVs are likely to account for more than 60% of vehicles sold globally. As the number of EVs on the road increases, induatry players need to come together and collaborate to enable long-distance travel.
More details you may read via this link,
https://www.reuters.com/business/autos-transportation/volvo-invests-taps-breathe-battery-tech-30-faster-ev-charging-2024-03-12/