Jun 13, 2022 - 04:29 pm

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.

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).



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Found on electrive.com
13.06.2022 16:28