SVOLT Energy Technology (Europe) GmbH, a subsidiary of SVOLT Energy Technology Co., Ltd., is a prominent manufacturer of electric vehicle battery systems and energy storage solutions. Since its establishment in 2018, SVOLT has become a significant player in the global battery industry, specializing in developing and producing lithium-ion battery cells, modules, packs, and management systems. The company’s mission focuses on zero emissions, demonstrating its dedication to sustainable transportation and energy solutions. Through continuous innovation in battery technology and manufacturing processes, SVOLT contributes to advancing electric mobility and renewable energy adoption worldwide.
Battery Technology
SVOLT’s technological portfolio includes several advanced battery solutions. Their “Short Blade” technology combines the advantages of cylindrical cells with prismatic designs’ cost efficiency, offering enhanced energy density and faster charging capabilities. The 5C LFP (lithium iron phosphate) and 6C NCM (nickel-manganese-cobalt) batteries can charge from 10% to 80% in ten and five minutes, respectively.
The company has also developed cobalt-free NMX (nickel-manganese) batteries, which provide a more sustainable and cost-effective alternative to traditional NCM batteries. These batteries feature improved life cycles and are particularly suitable for mid-range market applications. SVOLT’s product range extends to specialized solutions like the “800 Volt 4C PHEV Dragon Armor” battery, designed specifically for plug-in hybrid vehicles, and various energy storage systems for industrial applications.
Recent Projects
As of early 2024, SVOLT announced significant changes to its European operations. The company will cease commercial operations of its European subsidiaries by January 31, 2025, including the suspension of two battery factory projects in Germany. This decision reflects current market conditions and regional challenges.
Meanwhile, SVOLT has shifted focus to other markets, with its Thailand battery plant beginning mass production. The facility aims to supply over 20,000 battery packs locally in 2024, representing the company’s strategic pivot toward Southeast Asian markets.
Investors
SVOLT has attracted substantial investment from prominent financial institutions and industrial partners. Major investors include Bank of China Group Investment (BOCGI), which led the B-financing round, along with significant contributions from Xiaomi Corporation, IDG Capital, and CCB Investment. The company has also received backing from Sany Heavy Industry, Oceanpine Capital, and CHINA RENAISSANCE. Additional support comes from SDIC, JZ Capital, and Taikang Investment, demonstrating strong confidence in SVOLT’s business model and growth potential.
Business Details
Location: Frankfurt am Main, Germany
Website: https://svolt-eu.com
LinkedIn: https://www.linkedin.com/company/20460284
