Chinese battery cell maker SVolt is scrapping plans to expand in Europe, including its investment in Saarland, Germany.
Raluca Ioana Draghici
Current Affairs
Pixabay
Always see our news on Google
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
09:15
Over 20,000 Russians have crossed the Russian-Georgian border in the last 24 hours, due to fears related to forced mobilization into war.
09:09
EXCLUSIVE | August 20, 2026. Trends in online searches / last 24 hours
08:58
A tourist helicopter crashed in central Kenya. The head of the intelligence service from Ecuador, among the victims.
08:45
A military drone Shahed-136 has entered unauthorized into the airspace of the Republic of Moldova, through the village of Etulia, Gagauzia
08:29
The High Court of Cassation and Justice is expected to pronounce today the final decision in the case of outstanding salary rights for magistrates.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
