On March 6, South Korean market research agency SNE Research released data showing that the global installed capacity of power batteries in January this year was 51With 5GWh, SVOLT Energy installed 11GWh, ranking 9th in the world. It is worth mentioning that in January, the installed capacity of honeycomb energy increased by 381 year-on-year0%, the highest growth rate among the world's top 10 battery companies.
Since 2023, the growth rate of SVOLT power battery installed capacity has continued to be higher than the industry growth rate, and one of the important reasons is that the company has keenly seized the outbreak of the PHEV market and installed PHEV-specific batteries designed for PHEV models on a large scale.
At present, SVOLT has won battery orders for hot-selling PHEV (including range extender) models from Geely, Great Wall, Ideal, VOYAH and other car companies, and the installed capacity of power batteries in the PHEV market is as high as 5 throughout the year6GWh, an increase of 4091%, the installed capacity of PHEV batteries entered the top three in China.
Since the beginning of the year, SVOLT has gained strong momentum and has successively supported a number of popular high-end models. On February 26, Great Wall Motor's tank 700 Hi4-T was officially launched. According to official data, the tank 700 Hi4-T was on the market in just 24 hours with 42With a starting price of 80,000 yuan, it quickly won more than 6,000 orders and became a new star of luxury off-road in China. On March 1, Li Auto unveiled the all-new Li L series and new models at its 2024 spring press conference. According to the official statistics of Ideal, Ideal L7 has become a sales leader, with 23 Ideal L7 Air and 24 Ideal L7 Air versions equipped with honeycomb energy batteries, and orders continue to be hot.
In addition, the progress in BEV is also rapid, on March 2, Leapmotor's first "four-leaf clover" electrical architecture model was launched and received a large number of orders, among which the 530km endurance version of the model is equipped with Honeycomb Energy's L300 lithium iron phosphate battery cell. Starting from the second quarter, the BEV models of the two major European OEMs will also be equipped with honeycomb energy power batteries.
In order to consolidate the company's technology and product leadership in the field of PHEV and BEV batteries, SVOLT announced on the 4th Battery Day that it will upgrade the hot-selling PHEV and range extender products of 62AH, 90AH and 117AH to 2 in Q2 this year2C fast charging, "acceleration without price increase" while realizing fast charging upgrades. At the same time, SVOLT has further launched three new products for the PHEV and range extension markets, namely: the world's first ultra-300km endurance hybrid iron-lithium short knife fast charging cell, the world's first over 350km endurance hybrid ternary short knife fast charging core and the world's first 800V-3C hybrid fast charging cell. With the mass production of new products, SVOLT will consolidate its leading position in the PHEV market and further increase its market share.
In the field of BEV, SVOLT will launch LFP short-knife fast charging cells of L400 and L600 this year and next year, with a capacity of 105Ah, 130Ah and 133Ah respectively, which can achieve a charging rate of up to 4C.
In terms of global delivery, in order to further improve its delivery capacity and meet the battery orders of Chinese car companies going overseas and overseas mainstream car companies, SVOLT is accelerating its global production capacity layout. On February 28, SVOLT Thailand's factory was officially put into operation, and it has begun to realize localized batch delivery of battery products. The project took only 5 months to achieve localized ** supporting facilities in Thailand, further improving the layout of SVOLT's new energy industry in the Asia-Pacific region; At the same time, SVOLT is also stepping up the landing of European factories. In the future, with the implementation and commissioning of the company's related projects, SVOLT's global power battery market ranking and influence will be further improved, and the company will continue to provide high-quality battery products and technologies to the world to help the green transformation of global transportation.