Battery and car manufacturers around the world are securing lithium deposits or entering into strategic partnerships with mining companies. So does the Chinese manufacturer SVOLT. Together with Sichuan New Energy Power and EVE Energy they want to produce 30,000 tons of lithium salt annually in Sichuan province. SVOLT is building a 2.4 billion euro industrial park in Dazhou (also in Sichuan) that will integrate battery production lines and battery dismantling and recycling.
SVOLT, Sichuan New Energy Power and EVE Energy have signed a joint venture agreement to mine 30,000 tons of lithium salt annually in Sichuan Deyang Aba Eco-Economic Industrial Park. This should stabilize the SVOLT lithium supply chain and provide some degree of cost certainty. The price of lithium salt has risen sharply in recent years due to high demand. Since 2017, SVOLT has also invested in two other lithium mining and processing companies: Pilbara Minerals (Australia) and Tianyuan New Energy Material (China).
In the future, the lithium produced will go to the battery industry at the Lithium Industrial Park in Dazhou. Lines for the production of LFP and cobalt-free cathode material, as well as lines for precursors of LFP and electrolytes will be built here. It is also planned to build a dismantling shop and a processing plant. In addition, larger energy storage solutions (ESS) with a total capacity of approximately 30 gigawatt-hours per unit of storage are to be built on site. Along with Chengdu and Suining, the new plant will be one of the largest for the battery industry in southwest China.