Chinese company SVolt is scrapping plans to expand in Europe, including a two billion euro investment in Saarland, Germany. The decision comes as a major setback given the company's ambitious plans to build five factories in Europe. SVolt justified the halt in investment by the volatility of the electric car market in Europe. Stopping the investment has a significant impact on both the German car industry and plans to transition to electric vehicles.
Sources
Latest News
13:30
SPECIAL Informat.ro / An additional exam at 14 years old: admission to high school, between performance and equal opportunities
13:26
Fines of over 130,000 lei, issued by ANSVSA after inspections at units selling food in gas stations
13:23
Competition Council: Unannounced inspections in the case of a possible anticompetitive agreement in the procurement of medical equipment
13:15
Diana Buzoianu accuses Romsilva of violating the recommendations of the Court of Accounts: "Romsilva recently included collective bonuses in the Collective Labor Contract"
12:56
Survey: Elections in Switzerland / Almost two-thirds of Swiss people oppose proposals to redefine neutrality
See more news