Svolt Energy – Charm

Chinese EV makers’ go-global drive hits bumps amid Beijing’s warning, failed deals

Cs news8 months ago02 mins

The go-global strategy of Chinese electric vehicle (EV) makers has hit speed bumps after Beijing warned them not to invest in certain markets and a battery maker’s failed US$4 billion plan for production in Germany provided a bitter lesson. Companies are realising that cost advantages and a grasp of core technologies are not enough to…

Chinese battery maker Svolt confirms it will end operations in Europe

Cs news8 months ago06 mins

Svolt said it had to make the decision after the development of the European EV market failed to meet the expectations of all stakeholders. (Image credit: Svolt Energy) Svolt Energy, a battery maker that was spun off from Great Wall Motor (HKG: 2333), has confirmed that it will terminate its European operations, after a local…