TechNode
Chinese electric vehicle battery maker SVOLT has suspended the construction of two plants in Europe, after facing financial issues and struggling to remain operational amid increased competition from giants CATL and BYD at home, financial media outlet Caixin first reported on Oct. 24. Construction of a facility in the German state of Saarland…
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Cash-strapped Chinese EV battery maker suspends construction of European factories
TechNode Feed
16:23
Chinese electric vehicle battery maker SVOLT has suspended the construction of two plants in Europe, after facing financial issues and struggling to remain operational amid increased competition from giants CATL and BYD at home, financial media outlet Caixin first reported on Oct. 24. Construction of a facility in the German state of Saarland…
