The decision for our European factory has been made and we are excited about it! We'll build a battery cell factory with 24 GWh production capacity in the final expansion stage and a module and pack factory in Saarland, Germany! A total investment of up to EUR 2 billion is planned in Europe. In total, SVOLT aims to create up to 2,000 jobs in Saarland.
This was announced today by President & General Manager Hongxin Yang, Kai-Uwe Wollenhaupt 武凯威 and Maxim Hantsch-Kramskoj in the presence of Tobias Hans, Prime Minister of Saarland, Anke Rehlinger, Minister for Economic Affairs and Deputy Prime Minister of Saarland, and Thomas Schuck, Managing Director of gwSaar Saarland Economic Promotion Corporation and SHS Strukturholding Saar GmbH .
