Energy storage projects have been suspended

What happened to svolt energy?

Additionally, SVOLT's battery factory project in Saarland, Germany, is also facing repeated delays. Coincidentally, SVOLT Energy's major customer—Great Wall Motors—also announced the closure of its European headquarters in Munich, Germany.

Why is the svolt project not being completed?

The reasons hindering the construction of SVOLT's project include fire safety, traffic planning, noise, and environmental issues. In other reports, even animal protection laws have become one of the reasons preventing the project's progress.

Why did svolt energy close its headquarters in Germany?

Coincidentally, SVOLT Energy's major customer—Great Wall Motors—also announced the closure of its European headquarters in Munich, Germany. The reasons cited were the imposition of tariffs on Chinese electric vehicle products in Europe and the severe situation in the electric vehicle market. Is the German Plant Plan Falling Through?