Chinese high-tech company SVOLT Energy Technology is set to build two battery production facilities in Saarland, Germany that will entail an investment of up to €2bn.

The company will construct a module and high-voltage storage system (pack) factory and a cell factory with a production capacity of 24GWh at two Saarland locations.

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SVOLT said that the new module and pack factory will be constructed on a previously industrialised site at Heusweiler that is expected to be retrofitted for module and pack production.

To be established near the Saarland town of Überherrn, the battery cell production facility will achieve 24GWh of production capacity during its final expansion stage.

The production of the battery cells is scheduled to commence at the end of 2023 and the production of modules and packs is expected to start as early as mid-2022.

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The company said that the project will be completed with close collaboration with the State Ministry of Saarland for Economic Affairs, Labour, Energy and Transport (MWAEV) and Strukturholding Saar (SHS).

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Additionally, SHS has been appointed to construct the two facilities as a turnkey project, through which SVOLT aims to create up to 2,000 jobs.

The one-stop production portfolio of SVOLT includes battery cells and their cell chemistry, modules and high-voltage storage systems (packs), battery management systems (BMS) and software solutions.

The company has planned to establish 100GWh of battery cell production capacities across the world by 2025.

It has planned for three plants in the Asian Pacific region with a total installed capacity of 76GWh along with the facility in Germany.

In November last year, SVOLT has also opened its first of the four planned cell factories in Jintan, China.

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SVOLT to build a module and pack factory and a cell factory in Germany. (Credit: SVOLT.)