A Brief Analysis of SVOLT's Current Development and Challenges

Authors

  • Haijie Zhao

DOI:

https://doi.org/10.54097/knzhzg95

Keywords:

SVOLT; power battery; market analysis

Abstract

SVOLT is committed to the research and production of new energy vehicle power batteries. It is an emerging enterprise in the power battery industry. The company also engages in battery and energy storage businesses. With a strategic perspective of global deployment, SVOLT has achieved remarkable growth. This article provides an analysis of SVOLT's development overview and examines the achievements and challenges the company faces in terms of its business areas, financial situation, and strategic layout using case studies and data charts. The research shows that SVOLT has experienced substantial losses for three consecutive years, making it difficult to gain a foothold in the highly competitive market. This situation is related to issues such as the company's low product gross margin, low-capacity utilization, and high management costs. It is also a predicament that arises from intense market competition. Additionally, the company's strategy of large-scale capacity expansion has brought about certain negative consequences. Therefore, SVOLT should consider adjusting its marketing approach, focusing on profit and loss conditions, reducing capacity expansion appropriately, and controlling production costs. The aim is to promptly reverse the trend of continuous losses, achieve sustainable development, gain industry recognition, and challenge leading companies in the field.

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Published

22-01-2024

How to Cite

Zhao, H. (2024). A Brief Analysis of SVOLT’s Current Development and Challenges. Highlights in Business, Economics and Management, 24, 1521-1527. https://doi.org/10.54097/knzhzg95