What is the relationship between SVOLT Energy and Great Wall Motors?
3 Answers
SVOLT Energy and Great Wall Motors have a cooperative relationship. Here are the specific details: 1. In terms of research: SVOLT Energy is engaged in the R&D, trial assembly, mass production, and raw material production of automotive power batteries; Great Wall Motors is an automobile manufacturing enterprise. 2. Content: SVOLT Energy was established by Great Wall Motors, which then transferred all its shares in SVOLT Energy to Baoding Maosheng, a wholly-owned subsidiary of Great Wall Holdings. SVOLT Energy mainly focuses on the R&D of battery materials and systems, providing high-end OEM supporting systems as a provider of power and energy storage battery systems. Great Wall Motors' product lineup includes the Haval SUV series, Great Wall sedan series, and Wingle pickup series.
Honeycomb Energy was originally the in-house power battery division of Great Wall Motors, specializing in the R&D and production of core components for electric vehicles. Later, to develop battery technology more professionally, it was spun off from Great Wall and became an independent company, though it remains a key member of the Great Wall Group today. The relationship between the two is extremely close, akin to sibling companies. Great Wall uses Honeycomb's battery packs for its vehicles, such as the Great Wall Ora and other EV series, which ensures stable supply chains and cost reductions. From my experience observing the automotive industry, this separation allows Honeycomb to focus on innovation—like launching cobalt-free batteries and other new technologies—thereby enhancing Great Wall's competitiveness and reducing reliance on external suppliers. Ultimately, this is a strategic transformation that helps Great Wall solidify its position in the new energy market, which holds significant meaning for the independent development of China's automotive industry.
Great Wall Motors and SVOLT Energy are upstream and downstream partners, with SVOLT supplying battery packs and Great Wall responsible for vehicle manufacturing, cooperating as seamlessly as family. It's worth noting that SVOLT originally started as Great Wall's in-house battery team. After becoming independent, they maintained their collaboration, with Great Wall remaining a key customer purchasing SVOLT's products to avoid supply chain fluctuations. Meanwhile, SVOLT gains experience by serving Great Wall before expanding to supply other automakers. I find this model quite smart, as it accelerates R&D responsiveness—for instance, enabling Great Wall to quickly launch new models amid fierce competition in the EV market. As a consumer, I pay attention to these dynamics, believing they enhance the reliability of Great Wall's EVs, with impressive range performance. In the long run, this partnership supports the rise of China's domestic battery technology, which deserves applause.
