Chinese battery maker plans $2.4B factory in Germany

Svolt will start battery cell production at the end of 2023 near the Saarland town of Ueberherrn.

By:

Bloomberg

November 17, 2020 05:17 PM

China’s SVolt Energy Technology plans to invest about 2 billion euros ($2.4 billion) in Germany to build its first factory in Europe as the battery maker seeks to benefit from surging electric-car demand in the region.

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