Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
Svolt Energy, the power battery maker that spun off from Great Wall Motor, will build a battery cell plant for the European market in Lauchhammer, Brandenburg, Germany, the company said.
The plant will be Svolt Energy’s second overseas plant. It previously owned a battery pack plant in Heusweiler, Saarland, Germany.
The facility previously served as a wind turbine manufacturing facility for wind power giant Vestas, and Svolt Energy will upgrade it with plans already in the works, the firm said.
The area around Lauchhammer, and Brandenburg as a whole, has been forming a cluster for innovative electric vehicle development in recent years, which is an important reason why Svolt Energy is locating its second project abroad in the region, it said. Many companies in Svolt Energy’s supply chain and battery lifecycle are located in the region — such as materials giant BASF, which entered into a partnership with it in late 2021 to work together on battery materials and their recycling, the company said.
Svolt Energy plans to produce the cells at its Lauchhammer-based facility and process them into packs at its plant in Heusweiler, according to the company.