{"id":158624,"date":"2024-10-28T11:07:14","date_gmt":"2024-10-28T10:07:14","guid":{"rendered":"https:\/\/newmobility.news\/?p=158624"},"modified":"2024-10-28T16:48:08","modified_gmt":"2024-10-28T15:48:08","slug":"chinese-battery-maker-svolt-to-cancel-european-operations","status":"publish","type":"post","link":"https:\/\/newmobility.news\/en\/2024\/10\/28\/chinese-battery-maker-svolt-to-cancel-european-operations\/","title":{"rendered":"Chinese battery maker Svolt to cancel European operations"},"content":{"rendered":"

Chinese battery maker Svolt, a spin-off from Great Wall Motors since 2018, has confirmed to local media Yicai<\/a> 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 Frankfurt.<\/p>

Officially, the difficult decision was made because Europe\u2019s electric vehicle market slowed down, especially in Germany, failing to meet stakeholders' expectations. Local media quoted sources familiar with the matter as saying the investment needed for the planned battery factories, some 30 billion yuan (3.9 billion euros), was too much for a company of Svolt's size.<\/p>

This content has been archived. Log in or Subscribe<\/a> to a level that has access to archived content.<\/div><\/div>","protected":false},"excerpt":{"rendered":"

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 Frankfurt.Officially, the difficult decision was […]<\/p>\n","protected":false},"author":21,"featured_media":158633,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[77162,77160,2043,4],"tags":[],"class_list":["post-158624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-batteries","category-china","category-energy","category-top-stories-today"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?fit=1609%2C866&ssl=1",1609,866,false],"thumbnail":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?fit=300%2C161&ssl=1",300,161,true],"medium_large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?fit=640%2C344&ssl=1",640,344,true],"large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?fit=640%2C344&ssl=1",640,344,true],"1536x1536":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?fit=1536%2C827&ssl=1",1536,827,true],"2048x2048":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?fit=1609%2C866&ssl=1",1609,866,true],"trp-custom-language-flag":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?fit=18%2C10&ssl=1",18,10,true],"related-thumb":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=640%2C480&ssl=1",640,480,true],"gform-image-choice-sm":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=300%2C300&ssl=1",300,300,true],"gform-image-choice-md":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=400%2C400&ssl=1",400,400,true],"gform-image-choice-lg":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=600%2C600&ssl=1",600,600,true],"mailchimp":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?fit=560%2C301&ssl=1",560,301,true],"unipress-phone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=640%2C100&ssl=1",640,100,true],"unipress-tablet":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=1536%2C240&ssl=1",1536,240,true],"unipress-tablet-portrait":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=1536%2C180&ssl=1",1536,180,true],"unipress-tablet-landscape":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=1609%2C180&ssl=1",1609,180,true],"unipress-smartphone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=1080%2C168&ssl=1",1080,168,true],"unipress-wide-screen":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2024\/10\/Scherm%C2%ADafbeelding-2024-10-28-om-10.53.27.png?resize=1609%2C180&ssl=1",1609,180,true]},"post_excerpt_stackable_v2":"

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 Frankfurt.Officially, the difficult decision was made because Europe\u2019s electric vehicle market slowed down, especially in Germany, failing to meet stakeholders’ expectations. Local media quoted sources familiar with the matter as saying the investment needed for the planned battery factories, some 30 billion yuan (3.9 billion euros), was too much for…<\/p>\n","category_list_v2":"Batteries<\/a>, China<\/a>, Energy<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Joris Van Roy","url":"https:\/\/newmobility.news\/en\/author\/jorisximcom-be\/"},"comments_num_v2":"0 comments","yoast_head":"\nChinese battery maker Svolt to cancel European operations - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2024\/10\/28\/chinese-battery-maker-svolt-to-cancel-european-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese battery maker Svolt to cancel European operations - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"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. 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