Chinese power battery maker SVOLT breaks ground on battery production base in Yancheng

Shanghai (Gasgoo)- SVOLT, a Chinese power battery manufacturer carved out of Great Wall Motor (GWM), on Jan. 6 held the ground-breaking ceremony for its battery production base in Yancheng city, Jiangsu province, only two months after signing an agreement for the project.

Ground-breaking ceremony for SVOLT's Yancheng base; photo credit: SVOLT

The new facility will serve as SVOLT's core industrial base of PHEV-dedicated batteries and short blade batteries in northern Jiangsu province.

The Yancheng battery base involves a total investment of 10 billion yuan ($1.568 billion) and will cover an area of 873 mu (582,000 square meters). It features a designed capacity of 22.3GWh. Construction of the base is expected to be completed in the first half of 2023.

The Yancheng base will help SVOLT achieve the ambition of 600GWh global production capacity set for 2025. The target is part of the SV “600” Strategy the company released on its second Battery Day for the development plan through to 2025. Under the strategy, SVOLT aims to build itself into a global brand by pushing ahead with its plant construction, capacity expansion, industrial deployment, and technology iteration at a faster pace, said Yang Hongxin, Chairman and CEO of SVOLT.

Under the strategy, SVOLT will focus on deploying “Short Blade” battery across a wide range of sizes from L300 to L600, a whole charging range from 1.6-4C, and full-domain application scenarios involving passenger vehicles (PV), energy storage, commercial vehicle (CV), engineering machinery, non-high-speed electric vehicle, etc.