Multiple industry insiders have revealed that Svolt has secured an order for nearly 90GWh of production capacity from BMW in Europe, while domestic orders for nearly 70GWh will be provided by CATL or EVE Energy.
Great Wall Motors denies selling shares of SVOLT Energy to CATL.
The public listing of SVOLT, a Chinese lithium-ion battery systems provider, was approved by the Shanghai Stock Exchange on November 18.
Chinese battery maker SVOLT announced on September 9 that it will build a second overseas production plant for the European market in Brandenburg, Germany, which will focus on cell production.
Yang Hongxin, Chairman and CEO of Changzhou-based battery firm SVOLT, revealed on September 1 that JiDU, XPeng and other brands will use SVOLT's short blade battery in their products.