Sustainability Magazine July 2024 | Page 33

SVOLT
TOP 10

08 HEADQUARTERS

Hongxin Yang CEO , SVOLT

SVOLT

REVENUE : US $ 7.2BN ( FEB 2024 ) CEO : HONGXIN YANG FOUNDED : 2018
: CHINA
As a global high-tech company and spin-off of the Chinese automotive manufacturer Great Wall Motor , SVOLT develops and produces lithium-ion batteries and battery systems for electric vehicles . In addition to solutions that meet global market standards , SVOLT is working on the development of new technologies , not – from cell chemistry to the complete battery pack to energy storage systems . It has raised more than US $ 3bn in funding across three rounds , each of which took place in 2021 . sustainabilitymag . com 33