Svolt Energy

Svolt Energy closes about $940 million in Series B+ financing

The funds will be used mainly to develop new technologies and build new production bases and R&D centers.

Svolt Energy nearly doubles its battery capacity target to 600 GWh by 2025

That's nearly double Svolt's previous goal of 320 GWh, and more than the 520 GWh that CATL, currently China's largest power cell supplier, expects it to have by 2025.

Svolt Energy says its cobalt-free battery pack used in Ora's first SUV

Svolt Energy Technology, a subsidiary of Great Wall Motors, announced Sunday at the Chengdu Auto Show that its cobalt-free battery pack is being used in the Chery Cat, the first SUV from Great Wall Motors' Ora brand, and is in mass production.

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    Xiaomi-backed fund invests in EV battery maker Svolt Energy

    Svolt Energy added several new shareholders on August 18, including Hubei Xiaomi Changjiang Industry Fund, backed by smartphone giant Xiaomi.

    Svolt Energy forms new firm in Shanghai

    The company's business scope covers automotive parts development, artificial intelligence application software development, and new energy vehicle battery accessory sales.

    Svolt Energy's new 15 GWh power battery project begins construction

    The project has a total site area of 482 mu (321,300 square meters) and a new construction area of 480,000 square meters.

    EV battery maker Svolt closes new round of $1.59 billion financing

    Chinese power battery maker Svolt Energy recently announced the completion of a Series B financing round totaling RMB 10.28 billion ($1.59 billion).

    Chinese power battery supplier Svolt announces mass production of its cobalt-free batteries

    As the price of cobalt continues to rise, power battery makers around the world are trying to get rid of the metal. Now, a Chinese company has done just that.

    Chinese power battery maker Svolt Energy to mass produce first cobalt-free batteries

    Svolt Energy, a battery maker owned by Chinese automaker Great Wall Motors, announced that the material of cobalt-free cathode, the core material required for cobalt-free batteries, began to be produced in volume at its Changzhou materials plant.