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CX Daily: China Pushes Hydrogen Energy to Achieve Carbon Goals
Hydrogen /
As part of Beijing’s carbon reduction goals, China’s traditional fossil fuel giants are racing to take the lead in hydrogen energy, cities are making plans to develop it as a clean power source, and automakers are developing
Turning one of the most abundant substances in nature into efficient energy has been a dream for decades. Research on hydrogen energy has been up and down amid oil crises, climate change and fluctuations in crude oil prices. In the context of strengthening global pledges and cooperation on carbon reduction, hydrogen energy has become a hot bet for many countries including China.
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SHANGHAI, April 20, 2021 /PRNewswire/ The first Innovation Day of SVOLT with the theme of Innovation Drives the Future is officially launched during the 2021 Shanghai Auto Show today, which marks the brand strategy upgrade of SVOLT entering stage 2.0. During the launch event, SVOLT announces that it will found the SVOLT CAPITAL with a fund of 2 billion Yuan invested to support the industry innovation. And it plans to recruit 20 cross-industry partners and 100 pioneer scientists globally, so as to create the innovation ecosystem with cross-border integration of the power battery industry and improve the independent innovation, in-depth research and development strength of local enterprises.
Chinese new energy solutions provider SVOLT closes $541m Series A round
Tobias Hans, Minister President of Saarland, Germany said in a press conference on November 17, 2020 that SVOLT Energy Technology plans to build two battery production factories, at a combined cost of about 2 billion euros ($2.4 billion), in Saarland. Source: SVOLT Energy Technology
February 26, 2021
SVOLT Energy Technology, a Chinese developer of electric vehicle (EV) batteries and energy storage solutions, has pocketed a total of 3.5 billion yuan ($540.8 million) in a Series A round of financing.
The new round was led by Bank of China Group Investment, a Hong Kong-incorporated direct investment arm of Bank of China (BOC), and private equity (PE) firm CMG-SDIC Fund Management.