China’s SVolt Energy 600 GWh of Battery Capacity by 2025

Chinese power battery supplier Svolt Energy is now targeting 600 GWh of battery capacity by 2025. This is nearly doubling the company's previous goal of 320 GWh and surpassing the 520 GWh capacity that CATL, currently China's largest power cell supplier, current 2025 target. Based on a 75 percent capacity utilization rate, Svolt is going to try to reach a goal of 600 GWh of global capacity, he said. 340 GWh of capacity will be for passenger car customers, and 37 GWh, 40 GWh and 37 GWh of capacity will be absorbed by energy storage, non-high-speed vehicles and commercial vehicles, respectively. Svolt expects its effective output to be close to 600 GWh by 2026 and SVolt has now received close to 400 GWh of orders for 2025 passenger car batteries. SVolt has eight production sites with 297 GWh of capacity under construction, including 30 GWh of capacity being built in Europe. CATL targets at least 520 GWh by 2025 by market share but has stated a 1200 GWh by 2025.