According to the latest data released by market research firm SNE Research, Changzhou-based battery maker SVOLT Energy recorded an installed electric vehicle (EV) battery capacity of 23.7 gigawatt-hours from January to October this year, representing a year-on-year surge of 86.6 percent. The growth rate ranked first among the world’s top 10 battery suppliers, while the company’s global market share rose to 2.5 percent from 1.8 percent a year earlier.

The rapid expansion has been driven by the continued penetration of China’s EV market, alongside SVOLT’s accelerated push into overseas markets and the scaling-up of battery installations tied to volume production of downstream customers’ vehicle models. In recent years, the company has strengthened its competitiveness through innovations such as its short-blade battery technology platform and advanced stacking cell design, as well as a flexible global manufacturing footprint.

These capabilities have enabled SVOLT to establish close partnerships with a range of international automakers, including Spotlight Automotive (BMW MINI), Stellantis Group and VinFast. As sales of partner vehicle models gained momentum, SVOLT’s installed battery capacity rose sharply in tandem.

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