Chinese automotive battery company SVOLT, spin-off from Great Wall Notors in 2018, officially launched two cobalt-free batteries. In 2019, the company unveiled both the cobalt-free lithium-ion battery cells (NMx) and four-element lithium-ion battery cells (NCMA). (Earlier post.)
At the product launch event, Yang Hongxin, President of SVOLT, said that the NMx battery cell rivals the NCM811 cell in performance, while reducing the cost of materials by 5%-15% and the cell BOM cost by around 5%, and avoids concerns over limitations of strategic resources.
Yang Hongxin said the newly launched cobalt-free batteries have several core advantages including longer cycle life, better safety and higher energy density. SVOLT’s L6 cobalt-free long cell is being adapted to a high-end model of Great Wall Motors. With its matrix PACK design, this vehicle could reach a driving range of 880 km (547 miles).
SVOLT strives to produce automotive-grade batteries through comprehensive process management and commitments to a global footprint. In February 2020, SVOLT received a nomination letter on automotive batteries from a large European OEM.