Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Battery Maker Svolt In Talks To Raise $462-$770 Million: Report

- Advertisement -
  • SVOLT, which is making EV batteries in China’s eastern city of Changzhou and Wuxi, will have a global production capacity of battery cells of around 200-gigawatt hours (GWh) in 2025
  • The company is also building a battery factory in Germany

SVOLT, an electric vehicle (EV) battery maker linked to China’s Great Wall Motor, is in talks with potential investors to raise 3-5 billion yuan ($462-$770 million), its chairman Yang Hongxin told Reuters. The report added that SVOLT, which is making EV batteries in China’s eastern city of Changzhou and Wuxi, will have a global production capacity of battery cells of around 200-gigawatt hours (GWh) in 2025.

Factory to make cylindrical battery cells for mobility business including electric bikes

The company is also building a battery factory in Germany. The chairman added that SVOLT has also acquired a factory to make cylindrical battery cells for mobility business including electric bikes.

- Advertisement -

EV battery makers in China, including CATL and BYD, have been growing in recent years thanks to booming EV sales in the world’s biggest auto market.

- Advertisement -

Most Popular Articles

Industry's Buzz

C-DOT, Synergy Partner For Quantum Drone Security

0
In a bold leap toward ultra-secure skies, C-DOT and Synergy Quantum India join forces to pioneer quantum-encrypted drone communication for national and global impact. The...

Indian Defence Startups See Surge In Demand Amid Conflict

0
As border tensions drive demand for homegrown drones, countermeasures, and tech, India’s defence startups are booming, sparking a wave of innovation and rapid scaling. The...

IIT Roorkee, Scaler Launch Advanced AI Programme For Skill Development

0
Blending academic rigour with real-world skills for tomorrow’s innovators, IIT Roorkee and Scaler unveil an advanced AI programme to fuel India’s tech future. Indian Institute...

EU, Japan Strengthen Semiconductor Tech Ties

0
At Tokyo’s Digital Partnership Council, the EU and Japan pledged deeper cooperation in semiconductors, AI, and quantum tech to counter global tech tensions. The European...

Defence Minister Inaugurates BrahMos Aerospace Testing Facility In Lucknow

0
On National Technology Day, the Defence Minister opens a new BrahMos testing facility in UP, highlighting its role in enhancing India’s missile capabilities and...

Learn From Leaders

“Our Products Have Not Just Reduced The CostOf Production But Also Increased the Yields...

0
Using AI devices with sensors powered with renewable energy, AI-Genix is helping farmers with pest management. Co-Founder Khalil J. Shaikh recently shared insights on...
Chittaranjan Behera, MD, JC Eletronica Private Limited

“Last Year, We Secured Two Patents, And This Year, We Expect To Obtain Approximately...

0
Just within six years, an Indian component distributor grew into an EMS firm, and then went on to develop R&D capabilities, resulting in the...
Dr. K C Unnikrishnan and Ajith Narayanan

“Desktop Pick-and-Place Systems Are Cost-Effective After Five To Ten Production Cycles”

0
Costly delays in PCB assembly often stem from rigid, high-volume systems. Xalten Systems redefines flexibility with a compact, precise pick-and-place solution built for efficiency...
Imthias Mohamed, Founder and CEO, sparXcharge

“Our Service Brings The Charger To The Vehicle, Eliminating The Time And Hassle Of...

0
What if an EV charger itself comes to the vehicle in a van? That, too, with an affordable subscription model via WhatsApp? Highlighting ways...
Kamalakar Devaki, Founder and CEO, SandLogic

“We Have Reduced 90 Per Cent Of The Non-Essential Memory Transactions” – Kamalakar Devaki,...

0
Flipping the script on power-hungry AI workloads, Bengaluru’s SandLogic slashes memory overhead by 90% with ExSLerate—an AI co-processor IP enabling high-efficiency AI on low-power...

Startups

Indian Defence Startups See Surge In Demand Amid Conflict

0
As border tensions drive demand for homegrown drones, countermeasures, and tech, India’s defence startups are booming, sparking a wave of innovation and rapid scaling. The...

Space Tech Startup InspeCity Secures $5.6M Funding For Expansion

0
With $5.6 million seed funding, Indian startup InspeCity rockets ahead to extend satellite lifespans, clean up space junk, and disrupt the $14 billion global...

Government Drives IP Commercialisation At Bengaluru Workshop

0
Observing World IP Day, the Ministry of Science and Technology organised a dynamic workshop in Bengaluru, uniting experts to advance tech commercialisation and scale...
Inspection machine

AI-Based Quality Inspection Systems by Kerala Startup Verifygn

0
A Kerala startup deploys AI-driven hardware-software solutions to automate quality inspection in manufacturing. VerifygnTech Private Limited, a Kerala-based deep tech startup founded in 2019, specialises...

“This Robot Cooks, Stirs, and Senses Just Like You Would”

0
It began with one family’s quest for the perfect meal—and grew into a mission to ensure no one sleeps hungry, powered by a robot...