Svolt Abandons Plans to Open Battery Factory in Germany
Chinese battery manufacturer Svolt has cancelled plans to open a plant in the German state of BrandenburgChinese battery manufacturer Svolt has cancelled plans to open a plant in the German state of Brandenburg.
PV Magazine International 5:54 pm on May 29, 2024
Svolt shelved plans for an automotive battery factory, focusing on stationary storage demand in Europe due to market volatility and planning uncertainties. The company aims to diversify with standardized batteries and energy storage systems beyond the passenger car industry, contributing to global energy transition resilience.
- Svolt's strategic pivot:
- Stationary energy storage focus:
- Diversification into standardized battery systems:
- Emphasis on non-automotive sector applications:
- Resilience in the global energy transition:
https://www.pv-magazine.com/2024/05/29/svolt-abandons-plans-to-open-battery-factory-in-germany/