Svolt Germany
Chinese battery maker Svolt confirms it will end operations in Europe
Svolt said it had to make the decision after the development of the European EV market failed to meet the expectations of all stakeholders.
Svolt Energy reportedly suspends 2 battery factory projects in Germany
That's because Svolt's operations in its home market in China are already struggling, and it can't afford to handle overseas factories that require a lot of capital, according to Caixin.
Svolt Energy to build 2nd plant in Germany for battery cell production
Svolt Energy previously had a plant in Germany for the production of battery packs.