Recently, according to Chinese media reports, Chinese power battery manufacturer SVOLT (Honeycomb Energy Technology Co., Ltd.) intends to expand its production capacity planning in Europe, or build up to five battery factories. It is reported that SVOLT is looking for suitable sites to build factories in eastern, northern and western Europe, the largest of which will reach an annual production capacity of 20GWh.
According to Kai-Uwe Wollenhaupt, head of SVOLT Europe, the company aims to have at least 50GWh of production capacity in Europe by the end of 2030. In September last year, SVOLT announced plans to build a battery pack factory in Germany to supply electric vehicles. The company chose Brandenburg, which is also the location of Tesla’s super factory. In addition, SVOLT also plans to build a 24GWh battery cell factory in Saarland, Germany, and is negotiating battery supply agreements with several European automakers.
SVOLT was established in 2018. It was born out of the power battery department of Great Wall Motors. Great Wall Motors invested 1 billion yuan to register and establish. According to the data released by the China Power Battery Innovation Alliance on April 12, in March this year, the installed capacity of power batteries of SVOLT was 0.43GWh, ranking ninth among domestic manufacturers.
