GWM-backed battery maker SVOLT to raise annual capacity to 600GWh by 2025
Shanghai (ZXZC)- SVOLT, a Chinese power battery manufacturer carved out of Great Wall Motor (GWM), is ambitious to accomplish an annual power battery capacity goal of 600GWh by 2025, the company said on Dec. 8, significantly rising from the previously expected 320GWh.
Photo credit: SVOLT
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.
Photo credit: SVOLT
SVOLT stated it will focus on deploying “Short Blade” battery across a wide size range of L300 to L600 and full-domain application scenarios involving passenger vehicles (PV), energy storage, commercial vehicle (CV), engineering machinery, non-high-speed electric vehicle, etc.
To be specific, SOVLT will launch L600 and L300 “Short Blade” battery series for all-electric PVs. The L600 LFP is able to support models with ranges of 500 to 600km, while the L600-NCM is expected to enable a range of up to 800km by virtue of the zero-thermal-runaway technology used in SVOLT “Jelly” battery. The L300 battery series features fast charging performance rated 2.2-4C and will be mainly installed in 800V high-end models.
The L400 “Short Blade” LFP battery series will be put into plug-in hybrid electric PV domain to offer long range with a lower cost.
In energy storage domain, SVOLT will release a L500 battery series, which is designed to improve safety, energy density, and temperature control performance of energy storage products by using CTP (cell-to-pack) technology.
As for CV domain, a L500 series will be launched to be compatible with both energy storage products and VDA standard battery cell box.
Moreover, in non-high-speed electric vehicle area, SVOLT will roll out L300 and L400 battery series, which will share the mature LFP and cobalt-free E platforms with PV-used batteries.