SVOLT Wins the OFweek 2023 Power Battery Excellence Brand Award

On March 19, the OFWeek 2023 (6th) Lithium Battery Industry Annual Award Ceremony, hosted by the OFWeek, was held in Shenzhen. With the outstanding performance of its popular power battery products in the PHEV market and its innovative Flying Stack Short Blade category, SVOLT was honored with the OFweek 2023 Power Battery Excellence Brand Annual Award. This award is the recognition to SVOLT's leadership in battery innovation and market performance.

Since its establishment, SVOLT has remained committed to its stacking technology, developing the industry-first Flying Stack technique and launching the pioneering short blade battery category. In 2023, SVOLT expanded its short blade technology across multiple sectors, including passenger vehicles, commercial vehicles, and energy storage. SVOLT company also focused on the PHEV and REEV markets, launching popular products such as the 117Ah cell and 62Ah short blade cell. These efforts led to continuous growth in PHEV-dedicated installations, with SVOLT’s PHEV-dedicated shipments reaching 0.39 GWh in February 2023, ranking third nationwide. To meet the rising demand for large-capacity, fast-charging solutions, SVOLT also unveiled its “All-Scenario Short Blade, Comprehensive Evolution” strategy at the 4th Battery Day. The strategy includes an upgrade to its entire short blade product line for BEVs, PHEVs, commercial vehicles, and energy storage segment. The new global-debuted fast-charging short blade products, ranging from 2.2C to 5C, will be available across all scenarios, alongside three new PHEV-dedicated cells designed to cater to the growing REEV and PHEV market.

 Data Source: China Automotive Battery Innovation Alliance

At the China EV 100 & New Quality Productive Force Forum held on March 17, Zhang Fangnan, Senior Vice President of SVOLT, forecasted that the growth rate of PHEVs could reach around 20% in 2024. Looking ahead, SVOLT will further focus on the REEV and PHEV markets, strengthening its leadership in the PHEV market while deepening its presence in the BEV market. Meanwhile, SVOLT is also accelerating the upgrade of its short blade fast-charging cells to address range anxiety, paving the way for the next generation of hit models from key automakers, and driving further growth in the NEV market in 2024.