Great Wall Motor Co
A battery plant set to built near Berlin has been called off due to market conditions and cancellation of a big contract, Svolt said.
A battery plant near Berlin has been called off because of market conditions and cancellation of a big contract, Svolt said.
Robust exports continued to bolster wholesale deliveries of pickup trucks produced by automakers in China in April, according to a tally by the China Automobile Dealers Association.
The automaker will continue to sell cars in its European markets but will oversee its operations in the region from China.
The automaker will continue to sell cars in Europe but will oversee its operations in the region from China.
The plant, representing an investment exceeding 600 million yuan ($83 million), will supply seats to BMW Group and other European automakers, Nobo Auto said.
Government leaders hope to re-industrialize Brazil, a major auto market and in a sense, take a leaf out of China’s manufacturing playbook.
Wholesale pickup deliveries rose 6.7 percent from a year earlier in March, outpacing the 4.9 percent increase in the first two months of 2024, the China Automobile Dealers Association said.
Svolt Energy's factory, in the Thai province of Chonburi, is expected to churn out more than 20,000 battery packs this year, Svolt said.
The Chinese automaker is luring managerial talent from rivals by offering pay that is 30 to 50 percent more than at comparable German employers.
