What is the relationship between Svolt Energy and Great Wall Motors?
1 Answers
Currently, Svolt Energy and Great Wall Motors are in a cooperative relationship. Originally, Svolt Energy was established by Great Wall Motors. On October 27, 2018, Great Wall Motors transferred all its shares in Svolt Energy to Baoding Shengmao, a wholly-owned subsidiary of Great Wall Holdings. Additional details are as follows: Svolt Energy Company: Svolt Energy Technology Co., Ltd. was established in December 2016. It is a new energy technology company primarily engaged in the experimental assembly, mass production, and raw material production of automotive power batteries. The company focuses on the research and development of materials, batteries, and systems, aiming to become a global supplier of power and energy storage battery systems for high-end OEMs. Great Wall Motors Company: Great Wall Motors Co., Ltd. is the largest group automobile manufacturing enterprise in China and the first automobile company to be listed and raise funds in Hong Kong. Its headquarters is located in Baoding City, Hebei Province. The company's full name is Great Wall Motors Co., Ltd., and its product lineup includes the Haval SUV series, Great Wall sedan series, and Wingle pickup series.