The Frankfurt RheinMain automotive sector has once again gained a new entrant. Svolt Energy Technology Co., Ltd., a subsidiary of Chinese car manufacturer Great Wall Motors, has opened an office in Frankfurt. Svolt Energy Technology Co., Ltd. is a high-tech new energy company that specializes in energy technology, including electric vehicle battery (EVB) materials, cells, modules, PACK, BMS, energy storage systems (ESS), and solar energy R&D and manufacturing.
Alongside the product introductions, SVOLT announced its medium- and long-term vision for accelerating the future transformation of e-mobility in Europe late last year. The move to Frankfurt comes as part of the company’s endeavor to establish seven production bases worldwide. The company pledged late last year to invest €2 billion ($2.24 billion) to build a 24GWh battery factory and a 40,000-ton cathode material factory in Europe, a move that marks the company’s decision to localize its services and supply chain in the European market.
SVOLT’s top-of-line products include:
- 86Ah battery cell: a star product developed for the commercial vehicle market equipped with 2C fast-charging and 600,000-kilometer battery life
- The 51Ah prismatic VDA battery cell: designed for high-end PHEV models and able to increase the all-electric driving range to 80km
- The “811 material”- based VDA battery: developed for high-end passenger vehicles
“With Europe as a key global hub for manufacturing and R&D of EV, we hope to form partnerships with local EV pioneers through establishing research centers and factories in the region. SVOLT is looking forward to jointly developing automotive-grade lithium-ion batteries with its European partners to accelerate the transformation of e-mobility”, said Hongxin Yang, the company’s General Manager.
Headquartered in Wuxi, Jiangsu, SVOLT plans for 7 R&D centers around the globe, with four currently in operation, in Baoding, Korea, Shanghai, and India, and three are under construction in the US, Japan and Wuxi. The company employs more than 1,800 people worldwide and plans to invest in the next five years in R&D and plant construction. The office in FrankfurtRheinMain will house Svolt’s sales, business development, and supply chain operations across Europe.
The FrankfurtRheinMain economic region is one of Europe’s most attractive business locations. Located in the middle of Germany, the metropolitan area along the rivers Rhine and Main offer a unique business environment with a wide spectrum of industry sectors. With cities like Frankfurt, Wiesbaden, Mainz, Darmstadt, or Aschaffenburg, its infrastructure sets standards for European excellence. Known as a traffic hub, the Frankfurt region stands out not only for its connectivity by air, rail, and car but also for its high-speed data networks. Internationally renowned education institutions cultivate a highly qualified workforce and attract industries and talents from all over the world.
FrankfurtRheinMain is home to success stories and market leaders from home and abroad. Many headquarters develop new markets from here; right across Germany, right across Europe, and across the globe.
The entrance of Svolt Energy Technology Co., Ltd into Frankfurt will see the business develop further and increase its sales all the same while widening its supply chain operation all across Europe.
Svolt Energy Technology Co., Ltd opens offices in Frankfurt was originally published in FrankfurtValley on Medium, where people are continuing the conversation by highlighting and responding to this story.