SVOLT Energy Technology (the previous Battery Enterprise Unit of Nice Wall Motor Co.) intends to construct its first European lithium-ion cell gigafactory in Saarlouis, Germany.

In line with Bloomberg, the plan envisions funding of €2 billion ($2.4 billion) in manufacturing capability of 24 GWh yearly, which might be sufficient for 300,000-500,000 electrical vehicles (assuming a mean battery pack of respectively 80 kWh or 48 kWh).

If all the pieces will go as deliberate, the beginning of manufacturing is predicted inside three years, on the finish of 2023.

The article doesn’t reveal who is perhaps the client for SVOLT cells. Nonetheless, the situation of Saarlouis, alongside Germany’s border with France, is the place Ford has its plant (presently making the Focus mannequin).

Does this imply that Ford will use SVOLT cells in its new Focus/different EV (possibly MEB-based)?

We assume that to achieve success, SVOLT has to safe just a few offers and the situation between Germany and France is definitely fairly versatile.

Solely time will inform how this funding will progress, however principally each month now, the European space is turning into increasingly more crowded. It is unbelievable how issues modified in a decade when Europe was principally a lithium-ion battery desert.