Geopolitical Tensions Cast Shadow Over EV Industry

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 19 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 68%

SVOLT News

EV Batteries,Chinese EV Manufacturers,European Union

Chinese EV battery manufacturer SVOLT is closing its European operations due to regulatory challenges, declining EV sales, and financial difficulties.

Chinese EV battery maker

Energy plans to shut its European operations by January 2025, in a move that clearly points to China’s retreat from the market - and declining EV sales in Europe, according to Nikkei. to shut all of its European operations, including its Frankfurt office, according to the same report. The Nikkei report says that all

has not commented on the matter. In 2020,

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in CA

Canada Canada Latest News, Canada Canada Headlines