Chinese companies producing batteries are scaling back their expansion plans in Germany as a result of declining electric vehicle sales. This decision follows Germany's termination of EV purchase subsidies, leading to a drop in electric car registrations to 12.2% in April.
Chinese Battery Makers Slam Brakes on German Expansion as EV Sales Stall 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. SVOLT Energy Technology, spun off…
Chinese companies producing batteries are reducing their expansion plans in Germany due to a decrease in electric vehicle sales. The cutback in investment comes after Germany decided to discontinue subsidies for electric vehicle purchases. @OilandEnergy
Chinese companies producing batteries are reducing their expansion plans in Germany due to a decrease in electric vehicle sales. The cutback in investment comes after Germany decided to discontinue subsidies for electric vehicle purchases. https://t.co/eHFBRiD26z
“The decline in Chinese investment in German battery production aligns with Germany's late 2023 decision to end EV purchase subsidies, leading to a drop in electric car registrations to 12.2% in April.” https://t.co/wdWpJKFKyV #energy #EnergyTransition #ClimateActionNow… https://t.co/LbqtojbSeT
Chinese makers of EV batteries are curtailing their production plans in Germany as falling EV purchases in Europe's largest auto market hamper their sales. https://t.co/0CCNESzz88