Chinese battery maker Svolt to cancel European operations
Although Chinese battery maker Svolt’s path into Europe seemed bright a few years ago, the slowdown in EV acceptance in major markets like Germany, forced it to give up its plans /Svolt
Chinese battery maker Svolt, a spin-off from Great Wall Motors since 2018, has confirmed to local media Yicai that it will end its European production activities by January 31st, 2025. It will cancel factories it was to build in Germany, in Saarland and Brandenburg, and shut down its headquarters in
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