Many Chinese battery companies have recently announced the construction of new overseas factories. In September, CATL and SVOLT announced that they would build their second overseas battery factory in Europe. Additionally, companies such as Envision AESC, Gotion Hi-Tech and EVE Energy have all accelerated their pace of international expansion and plant construction.
On September 9, SVOLT held a press conference in Brandenburg, Germany, announcing that it would build a battery cell factory serving the European market in the Rauchhammer area of the state. The company previously announced the construction of a battery factory in Saarland, Germany. According to the company, the advantage of the location of the new factory will help it accelerate its service to local customers and expand its production capacity in Europe.
SEE ALSO: SVOLT will build a second overseas battery factory
SVOLT was originally a power battery division established in 2016 by Great Wall Motor, a traditional Chinese automaker. According to the China Automotive Battery Innovation Alliance, in the first eight months of this year, SVOLT’s installed capacity was 3.86 GWh, ranking sixth among all Chinese battery companies.
Before SVOLT announced the construction of a second power battery factory in Europe, CATL announced the signing of a pre-purchase agreement with Debrecen, Hungary, and CATL’s Hungarian factory project has officially started. This is the industry giant’s second plant in Europe. In April this year, CATL announced that its first overseas factory in Thuringia, Germany had been granted a license to produce 8 GWh battery cells.
Additionally, in March this year, EVE Energy announced that it had signed a letter of intent with a subsidiary of the municipal government of Debrecen in Hungary to purchase land and build a battery factory to produce new power batteries. cylindrical. In June, Gotion Hi-Tech unveiled its battery factory in Germany.
According to the China Securities Journal, industry insiders said that overseas investment and the construction of production bases by Chinese enterprises are conducive to further improving the layout of production capacities, benefiting from dividends from industrial clusters. It is also of great importance to companies in their efforts to expand overseas markets.
Europe has become an important area for Chinese battery companies to set up factories. Statistics from the European Automobile Manufacturers Association (ACEA) show that in the first half of this year, the sales volume of new energy passenger cars in Europe was 1.12 million, up 8.7% from one year to the next. At the same time, Europe has gradually built up an NEV industrial cluster.
Besides the European market, North America has also attracted the attention of many Chinese battery companies. Envision AESC announced in April this year that it would build a new battery plant in Kentucky, USA, with a planned production capacity of 30 GWh and potential for expansion to 40 GWh.