Companies in the Taizhou Port Economic Development Zone were already bustling with activity on Feb 5, the first workday after the Spring Festival holiday, marking a strong start to the new year.
For instance, at the Taizhou branch of SVOLT Energy Technology Co, over 100 workers chose to work during the holiday in order to fulfill the company's orders on time.
SVOLT Energy Technology Co's Taizhou branch. [Photo/WeChat account: gh_1ff53eb21f0a]
In recent years, the booming new energy vehicle market has led to soaring demand for power batteries. The company's products are currently bestsellers, with supply unable to keep up with demand. In 2025, the Taizhou branch plans to add 50,000 units of production capacity, aiming for an annual output of 120,000 units.