BAODING, China--(BUSINESS WIRE)--Currently, new energy vehicles (NEVs) are developing towards battery electric vehicles (BEVs). Regarding the new generation of automotive batteries, automobiles generally focus on breakthroughs in energy density and safety of batteries through the innovation of battery materials and electrochemical systems as well as on a reduction in the dependence on scarce resources such as cobalt.
At 19:30 on May 18 (Beijing Time), a Chinese automotive battery company called SVOLT officially announced two cobalt-free batteries via Livestream.
According to Yang Hongxin, President of SVOLT, the newly launched cobalt-free batteries have several core advantages including longer cycle life, better safety and higher energy density. As he said, SVOLT’s L6 cobalt-free long cell is being adapted to a high-end model of Great Wall Motors. With its matrix PACK design, this vehicle could reach a driving range of 880km. This is comparable with that of ICE vehicles.
If this driving range can truly be realized, SVOLT’s cobalt-free batteries would undoubtedly have created a new product category for automotive batteries. It will improve the competitive advantage of BEVs greatly relative to ICE vehicles, eliminate range anxiety of end users about existing BEVs, increase consumers’ confidence in choosing BEVs, and speed up the process of replacement of ICE vehicles with BEVs.
SVOLT is a rising automotive battery supplier in China. Starting since 2012, the company has become an independent automotive battery supplier after officially spinning off from Great Wall Motors in 2018. SVOLT is headquartered in Changzhou, Jiangsu Province in China. In September 2019, SVOLT announced its European business development plan called “SVOLT’s Engagement in Europe” during the IAA in Frankfurt. From a global perspective, SVOLT is the first AI prismatic cell manufacturing factory to utilize the “High-Speed Stacking Technology”. SVOLT strives to produce Automotive-Grade batteries through comprehensive process management and commitments to a global footprint. These measures will enable SVOLT to enter into the automotive battery supplier chain of global OEMs, In February 2020, it has been reported that SVOLT has received a nomination letter on automotive batteries from a large European OEM.