SVOLT to build industrial battery park in Dazhou
Battery cell manufacturer SVOLT is planning to build a new industrial park in the city of Dazhou in China’s Sichuan province. According to an agreement signed with the city, almost the entire production chain for LFP batteries will be located there.
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The agreement provides for total investments of 17 billion yuan (equivalent to 2.41 billion euros). The money will be used to build production lines for LFP cathode material, precursor products, electrolytes and facilities for battery disassembly. And, of course, cell production itself.
As the company confirmed via its WeChat account, the planned annual capacity is 30 GWh. In Sichuan province, SVOLT operates cell production facilities in Chengdu and Suining. The latter has a capacity of 20 GWh, while Chengdu is expected to reach 60 GWh in the final phase. According to Gasgoo, this could create one of the largest supplier complexes for new energy vehicles in southwest China. It is unclear whether the plants in Chengdu and Suining will be supplied with intermediate products from Dazhou.
A concrete timetable for the now announced industrial park is not yet known. The report, citing company information, only states that the entire park should later bring in a production value of 63 billion yuan per year (8.93 billion euros).
Update 09 November 2022
Battery cell manufacturer SVOLT has started construction of its announced new industrial park in the city of Dazhou in China’s Sichuan province. On the approximately 1.3 million square metre site, SVOLT will build production lines for LFP battery cells including cathode material, precursor products, electrolytes and battery disassembly facilities. The annual capacity is expected to be 30 GWh.
However, there is still no indication of when the first phase of the cell factory or the complete industrial park will be opened.
Nevertheless, the company emphasises that the industrial park is “of great strategic importance for the development of SVOLT”. As reported above, by manufacturing its own preliminary products, the company not only wants to secure further parts of the value chain, but also make itself more independent. In addition, SVOLT or its investment subsidiary SVOLT Capital has set up two special funds to provide capital to the companies also located in the industrial estate.
gasgoo.com, gasgoo.com (update)
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