SVOLT Launches New Products and "Engagement in Europe" at IAA 2019 to Accelerate European E-mobility in the "Stacking Era"

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FRANKFURT, Germany, Sept. 10, 2019 /PRNewswire/ -- SVOLT Energy Technology Co., Ltd., a leading EV battery manufacturer, unveiled its full range of new lithium-ion battery cells featuring "stacking technology" at the IAA Show on September 10, 2019. In a move to initiate cooperation with European automakers, SVOLT shared its vision of innovation-led e-mobility enabled by the "stacking process" and announced long-term commitment to localize its services in the keynote speech themed with "SVOLT's Engagement in Europe".

At the event, SVOLT displayed its extensive portfolio of EV batteries featuring "stacking technology", including the NCM 811 high-energy-density battery cells as well as its battery modules, PACKs and BMS which provide battery system solutions for PHEV and BEV specifically designed for the European market.

SVOLT's top-of-line products include:

• 86Ah battery cell: a star product developed for the commercial vehicle market equipped with 2C fast-charging and 600,000-kilometer battery life
• The 51Ah prismatic VDA battery cell: designed for high-end PHEV models and able to increase the all-electric driving range to 80km
• The "811 material"- based VDA battery: developed for high-end passenger vehicles

SVOLT's vision to accelerate Europe's e-mobility in the " Engagement in Europe"

Alongside the product introductions, SVOLT announced its medium- and long-term vision for accelerating the future transformation of e-mobility in Europe. As part of the endeavor to establish seven production bases worldwide, the company has pledged to invest €2 billion ($2.24 billion) to build a 24GWh battery factory and a 40,000-ton cathode material factory in Europe, a move that marks the company's decision to localize its services and supply chain in the European market.

The construction of the new battery factory will begin before the second quarter of 2020. This four-phase project is expected to complete its first-round of construction and enter operation by early 2023, with the initial production capacity reaching 6GWh.

"With Europe as a key global hub for manufacturing and R&D of EV, we hope to form partnerships with local EV pioneers through establishing research centers and factories in the region. SVOLT is looking forward to jointly developing automotive-grade lithium-ion batteries with its European partners to accelerate the transformation of e-mobility", said Hongxin Yang, the company's General Manager.

With safety, driving range and costs set as top priorities, the company has been sharpening its competitive edge by pioneering the use of high-speed stacking technology in prismatic batteries ahead of its global rivals. The technique, compared with the winding process, increases a battery's energy density by 5% and cycle life by 10% while reducing the costs.

"Among the new technologies and standards that will prevail in this era, one of the most pronounced technological evolutions, characterized by the shift from 'winding' to 'stacking' in the production process, will flourish. We will soon usher in the 'stacking era' of lithium-ion batteries", said Hongxin Yang.

With its record of over 500 patents, SVOLT has established R&D bases in Europe and Asia and inked cooperation agreements with Sensata Technologies and Tsinghua University for the development of wireless BMS and battery safety design.

About SVOLT

Headquartered in Wuxi, Jiangsu, China, SVOLT is a high-tech new energy company spearheading innovation in the R&D and manufacturing of EVB materials, cells, modules, PACK, BMS, energy storage and solar energy.

SOURCE SVOLT Energy Technology Co., Ltd.

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