SVOLT builds battery factory for 500.000 e-cars per year in Germany

SVOLT builds battery factory for 500.000 e-cars per year in Germany

Business news |
By Christoph Hammerschmidt

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 at two locations in the south-western state of Saarland, adjacent to the French border. The planned production capacity corresponds to batteries for 300,000 to 500,000 electric vehicles per year. A total investment of up to 2 billion euros is planned. SVOLT wants to create up to a total of 2,000 jobs at the two planned locations. The new production sites will mainly manufacture battery cells, modules and high-voltage storage systems (packs). Cell production Production is scheduled for ramp-up in Q3/Q4 2023. Separately, the pack production will start in mid-2022.

During a virtual press conference on the occasion of the announcement, SVOLTs European Sales Director Maxim Hantsch-Kramskoj said: “We may not be Tesla, but we understand battery technology at least as well.”

The large-scale project will be implemented in close cooperation between SVOLT, the State Ministry of Saarland for Economic Affairs, Labour, Energy and Transport (MWAEV) and Strukturholding Saar GmbH (SHS). With its implementation concept, the MWAEV has actively entered into the settlement talks and was able to convince SVOLT. SVOLT is commissioning SHS with the construction of the two factories as a turnkey project. The company is a spin-off from Chinese automotive group Great Wall.

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