Svolt abandons plans to open battery factory in Germany
- Admin
- May 29, 2024
- 1 min read
Chinese battery maker Svolt reevaluates its location strategy in Germany due to volatile automotive market and lack of planning certainty. Focuses on stationary storage demand in response to market developments. Plans for two manufacturing facilities, one near Berlin and another in Saarland. Faces delays in construction due to planning uncertainties. Aims to diversify sales focus towards batteries for commercial vehicles and stationary energy storage systems.
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