Chinese high-tech company invests up to EUR 2 billion in two Saarland production sites
- SVOLT intends to establish two production sites in Germany by the end of 2023.
- A total investment of EUR 2 billion is planned; SVOLT will create up to 2,000 jobs in total.
- A module and pack factory as well as a state-of-the-art cell factory with 24 GWh production capacity in the final expansion stage will be built in Saarland. 24 GWh corresponds to batteries for 300,000 to 500,000 electric vehicles per year.
- European production will focus on battery cells, modules and packs.
Frankfurt am Main/Saarbrücken, 17 November 2020 – SVOLT Energy Technology Co., Ltd. (SVOLT), a global high-tech company headquartered in China that develops and produces lithium-ion batteries and battery systems for electric vehicles and energy storage systems, will establish its European production site in Germany, as announced at IAA 2019. A module and pack factory as well as a state-of-the-art cell factory with 24…