China's SVOLT, like CATL, halts German growth plans as EV sales fall

EU's looming punitive tariffs on Chinese EV imports counterproductive, some say

2024-05-29 SVOLT-EV plant.JPG

An SVOLT battery cell plant in the Chinese city of Changzhou. © Reuters

JENS KASTNER, Contributing writer

HAMBURG, Germany -- Chinese makers of electric vehicle batteries are curtailing their production plans in Germany as falling EV purchases in Europe's largest auto market hamper their sales.

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