SVOLT to build zero-carbon industrial park in Dazhou city, Sichuan province

Shanghai (Gasgoo)- SVOLT Energy Technology Co., Ltd. (“SVOLT”), a Chinese power battery manufacturer carved out of Great Wall Motor (“GWM”), on June 10 inked an agreement with Dazhou municipal government and the Management Committee of Dazhou High-tech Industry Development Zone to build an industrial park for the industrial chain of lithium ion batteries, the company announced via its WeChat account.

Signing agreement; photo credit: SVOLT

Involving a total investment of 17 billion yuan ($2.523 billion), the new facility will be SVOLT's first zero-carbon lithium battery industry park that solely uses green power and features source-grid-load-storage integration. It would be combined with SVOLT's Chengdu and Suining battery manufacturing bases to constitute one of the biggest new energy vehicle (“NEV”) supporting industrial parks in Southwest China.

Located in Dazhou High-tech Industry Development Zone, Sichuan province, the new industrial park will contain 1,740mu (1.16 million square meters) of industrial land. Under the agreement, SVOLT will build there the production lines for lithium iron phosphate and cobalt-free cathode materials, lithium iron phosphate precursors, electrolyte, as well as battery disassembly lines, and other supporting facilities.

Managed by SVOLT CAPITAL, a special industrial investment fund will be set up to help introduce relevant industrial chain projects to the Dazhou-based industrial park.

To form a closed-loop industrial ecosystem, SVOLT has planned out the construction of an energy storage battery production line with an annual capacity of around 30GWh in the new industrial park, said SVOLT.

Upon completion of the entire project, the park is likely to output a production value of 63 billion yuan ($9.351 billion) annually and pay taxes of over 2.5 billion yuan ($371.058 million) per year.