Chinese Battery Maker SVOLT Expands German Presence

September 2022

One of the global leaders in battery technology and energy storage systems, SVOLT Energy Technology from China, will be building a production facility in the town of Lauchhammer in the eastern German state of Brandenburg. The factory will occupy a site formerly owned by the Vestas battery maker.

The new location expands SVOLT’s already significant presence in Europe’s largest economy.

“The additional production site in Germany is an important milestone for the further expansion of SVOLT – in Europe, but also globally,” said SVOLT Chairman and CEO Hongxin Yang in a company statement . “The shift towards electromobility, but also government decisions, are driving demand for electric vehicles. SVOLT is responding to this market dynamic with steady expansion by building additional local capacities. Our sites close to our customers positively impact delivery routes and times – and thus the overall sustainability of electric vehicles.”

There was no official word about the volume of the investment, but one thousand people could reportedly be employed at the new facility. SVOLT’s expansion to Lauchhammer is the latest in a series of major companies in the e-mobility sector choosing to settle in this part of Brandenburg.

“This investment fits in well with other e-mobility sites in Brandenburg,” said Brandenburg State Premier Dietmar Woidke. “I’m happy that SVOLT has recognized the potential of Brandenburg, the Lusatia region and the city of Lauchhammer and will set up here, further boosting structural development.”

© SVOLT