Svolt Global
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's battery plant in Thailand begins mass production
Svolt Energy expects its Thailand plant to supply more than 20,000 battery packs to local customers this year.
Svolt Energy's Thailand plant sees 1st battery pack roll off line
The battery pack, which is expected to be available in volume in the first quarter of 2024, will first be fitted to the Good Cat model of Great Wall Motor's Ora brand.