SVOLT signs a contract for the construction of a 14.6 GWh plant in Nanjing, China

7 July 2021, 16:25:02

SVOLT signs a contract for the construction of a 14.6 GWh plant in Nanjing, ChinaSVOLT signed an agreement with China's Lishui Development Zone in Nanjing. The subject of the agreement is the construction of a battery production facility with a total capacity of 14.6 GWh and an investment sum equivalent to approximately 730 million euros. The project in Lishui will be divided into two phases. In the first phase, SVOLT is expected to invest approximately 340 million euros to achieve a production capacity of 6.6 GWh. The second phase is expected to be followed by an investment of approximately 390 million euros, with an increase in production capacity of 8 GWh. In this phase, the production area is expected to grow by approximately 23 hectares.

SVOLT also plans to concentrate its production of pouch-format hybrid electric vehicle (HEV) batteries in the Lishui region. Overall, SVOLT has set itself the goal of achieving a total installed capacity of 200 GWh worldwide by 2025. The Lishui project is a significant step toward this goal and helps address the growing global demand for batteries for electric vehicles.

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