News

Sunwoda and Dongfeng Motor to Jointly Invest RMB 12 Billion in 30GWh Power Battery Manufacturing Project

published: 2022-10-03 9:30
The global power battery market is growing rapidly thanks to the boom in the global EV market. At the same time, the demand gap for power batteries continues to widen. In view of this situation, battery suppliers have partnered with carmakers to develop power battery manufacturing projects. This type of joint venture is gradually emerging as a major trend. ...  more

SVOLT Lands Its Second Overseas Factory in Germany as It Sprints Towards 600GWh Capacity Target

published: 2022-09-30 9:30
As the global NEV market maintains fast-pace growth, Chinese battery suppliers have begun overseas expansions in order to round out their development strategies and gain more market share. After CATL had announced on September 5 that its second factory in Europe will land in Hungary and entail an investment of CNY 50.9 billion, SVOLT confirmed on September 9 that its second overseas factory will be located in Germany. ...  more