​Chinese EV Battery Maker SVOLT Shuttering Operations In Europe Due To Trade War, Poor Demand – Tyler Durden

Chinese EV Battery Maker SVOLT Shuttering Operations In Europe Due To Trade War, Poor Demand Chinese EV battery maker SVOLT is shuttering operations in Europe on the heels of a yearslong regulatory conflict between European lawmakers and EV manufacturing based in China. As we have reported over the last year, EU authorities have been doing everything in their power to stifle EV production based in China, fearing that the lower cost models coming from the east are warping the European market and putting domestic producers at a disadvantage. Now, the consequences are starting to rear their heads. Chinese EV battery…  — Continue at ZeroHedge News : Read More