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Chinese company builds battery factory in Saarland

While Tesla is already building a factory near Berlin, a battery factory for electric cars is to be built in Saarland soon – but not by Tesla. Rather, the Chinese company Svolt Energy is settling there.

The Chinese manufacturer of batteries for electric cars, Svolt Energy Technology, wants to invest two billion euros in the construction of a battery production facility in Saarland. 2,000 jobs are to be created at two locations in Überherrn and Heusweiler. This was announced by Prime Minister Tobias Hans (CDU) and his deputy and economics minister Anke Rehlinger (SPD) in Saarbrücken on Tuesday.

More than 300,000 to 500,000 batteries for vehicles are to be produced annually, according to a press release by the German business development agency “Germany Trade & Invest” (GTAI). “We are very pleased about SVOLT’s decision to invest in Germany,” said Robert Hermann, Managing Director at GTAI, according to the announcement.

“This again demonstrates the international attractiveness of Germany as an industrial and technology location where the future of mobility is being developed. It also shows that Germany is still open to foreign investments.”

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