FRANKFURT — Chinese language battery producer Svolt has unveiled plans to construct an extra cell meeting plant in Germany to provide electrical autos, choosing the state of Brandenburg – additionally house to Tesla’s gigafactory – as a location.
The deliberate web site in Lauchhammer would have a capability of 16 gigawatt hours per yr and begin manufacturing in 2025, a spokesperson representing the corporate, which is a derivative of Chinese language automaker Nice Wall Motors, stated.
“The shift in direction of electromobility, but additionally authorities choices, are driving demand for electrical autos,” Svolt CEO Hongxin Yang stated.
“Svolt is responding to this market dynamic with regular enlargement by constructing extra native capacities.”
Svolt took over the Lauchhammer web site, together with buildings and infrastructure, from Vestas, a producer of wind generators, in August.
Svolt in 2020 introduced investments of as much as 2 billion euros ($2.01 billion) to construct a cell manufacturing facility in addition to a module and pack manufacturing facility within the south-western German state of Saarland with a deliberate manufacturing capability of 24 GWh.
The plant will provide EV batteries to Stellantis.