Sep 26, 2023 06:27 PM (GMT+8) · EqualOcean
SVOLT, a global high-tech company specializing in the development and manufacture of vehicle battery and energy storage, announced on the media day that the company's cobalt-free batteries are currently a chief supplier to a major American auto manufacturer, with an approximate shipment of 1.6 million cobalt-free battery cells for this year. The company has already signed a supply agreement with a publicly traded energy storage systems firm in the United States. Deliveries are scheduled to begin early in 2024. SVOLT plans to provide this energy storage customer with 800,000 cobalt-free battery cells annually, with the likelihood of expanding operations to other power-market consumers.