Svolt
Svolt Energy Technology Co., Ltd., commonly known as Svolt, is a leading player in the battery manufacturing industry, headquartered in China (CN). Founded in 2018, the company has rapidly established itself as a key innovator in the development of advanced battery technologies, particularly for electric vehicles (EVs) and energy storage systems. Svolt's core offerings include high-performance lithium-ion batteries and cutting-edge battery management systems, distinguished by their focus on sustainability and safety. The company has made significant strides in the market, achieving notable milestones such as the launch of its first-generation battery products and partnerships with major automotive manufacturers. With a strong presence in Asia and expanding operations globally, Svolt is well-positioned to contribute to the growing demand for clean energy solutions and electric mobility.
DitchCarbon Score
How does Svolt's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Svolt's score of 26 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Svolt's reported carbon emissions
In 2023, SVOLT Energy Technology, headquartered in China, reported total carbon emissions of approximately 1,023,796,000 kg CO2e, comprising 130,655,000 kg CO2e from Scope 1 and 893,141,000 kg CO2e from Scope 2 emissions. This represents a significant increase from 2022, where total emissions were about 595,348,000 kg CO2e, with Scope 1 at 95,558,000 kg CO2e and Scope 2 at 499,790,000 kg CO2e. The company has shown a commitment to reducing its carbon footprint, having been a member of the Business Ambition for 1.5°C initiative since October 2021. However, it currently does not have a net-zero commitment or specific reduction targets in place. Notably, previous near-term targets have been removed, indicating a shift in their climate strategy. SVOLT's emissions data is self-reported and does not include Scope 3 emissions, which are often significant in the automotive and components sector. The company continues to focus on improving its operational efficiency and reducing its greenhouse gas emissions intensity, which was reported at 81,000 kg CO2e per GWh in 2023. Overall, while SVOLT has made strides in transparency regarding its emissions, the absence of concrete reduction targets and a net-zero commitment highlights an area for potential improvement in its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,284,840 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 149,126,550 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Svolt is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
