"Chinese power battery supplier Svolt Energy is aiming to reach 600 GWh of battery capacity by 2025, becoming the latest company to announce aggressive expansion plans.
This is part of Svolt's "SV '600' Strategy" released on December 8, nearly doubling the company's previous goal of 320 GWh and surpassing the 520 GWh capacity by 2025 that CATL, currently China's largest power cell supplier, expects it to have.
Svolt Chairman and CEO Yang Hongxin said at the company's second Battery Day event that the total global demand for lithium batteries for transportation electrification and energy storage will exceed 1.8 TWh by 2025, and that the company aims to capture 25% of the global market share."
Svolt Energy nearly doubles its battery capacity target to 600 GWh by 2025 - CnEVPost
