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Chinese Battery Makers Slam Brakes on German Expansion as EV Sales Stall
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Europe passes Net-Zero Industry Act, mixed gigafactory climate
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SVOLT Energy Technology is weighing and evaluating the construction of another battery cell factory. Finland is among the shortlisted locations which include countries both within and outside of the European Economic Area (EEA).
The battery manufacturer SVOLT, which emerged from the Chinese carmaker Great Wall, is reportedly planning to build five battery cell factories in Europe. Two are confirmed for Germany so far. The information from SVOLT was picked up by Bloomberg with reference to statements by Kai-Uwe Wollenhaupt, head of SVOLT Europe.…
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