Dec 9, 2021 - 01:12 pm

SVOLT to increase battery production capacity to 600 GWh by 2025

The battery cell manufacturer SVOLT, which emerged from the Chinese carmaker Great Wall, wants to significantly increase its production capacities planned for 2025 – from the previously announced 320 GWh to 600 GWh per year by this deadline.

Chinese media report this with reference to official statements made by SVOLT in the course of a strategy presentation. The ‘SV-600’ roadmap is supposed to be a development plan with a time horizon until 2025. Fixed goals are, among others, to develop SVOLT into a global brand and to push ahead with the construction of production facilities. The company also announced that it is aiming for a 25 per cent share of the global market.

The company’s management also gave concrete figures: In addition to the annual production capacity target of 600 GWh from 2025 (for comparison: the current largest domestic competitor CATL plans 520 GWh from 2025), SVOLT published the figure of 400 GWh as the status of the order backlog in 2025 (orders from the passenger car sector only). It also said that it was in the process of building eight production sites with a total capacity of 297 GWh per year.

Some of these sites have become public in recent months. For example, a cell factory is to be built in Chengdu, which will have a capacity of 60 GWh in the third expansion phase. In February, SVOLT also announced plants in Huzhou in the Chinese province of Zhejiang and in Suining in Sichuan province – each with 20 GWh. In June, a further factory in the city of Nanjing in the Chinese province of Jiangsu was made public; this plant is to have a capacity of 14.6 GWh.

SVOLT does not only want to produce in China, but also outside of China: In November 2020, the Chinese battery cell manufacturer announced its intention to build a battery cell factory with a capacity of 24 GWh in Germany. Cell production is to start by the end of 2023, and modules and packs are also to be assembled from the battery cells at another location in Saarland.

As reported, SVOLT offers, among other things, cobalt-free cells and relies here on a proprietary nickel-manganese mix (NMX) or on lithium iron phosphate (LFP).

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Found on electrive.com
https://www.electrive.com/2021/12/09/svolt-to-increase-battery-production-capacity-t0-600-gwh-by-2025/
09.12.2021 13:27