Why Chinese battery maker picked Germany for European production

Svolt's battery cell factory in Changzhou, China. The company will invest 2 billion euros to build a factory in Germany. (Reuters)

November 21, 2020 07:43 AM

Battery cell makers are rushing to open factories in Europe, and one of the most intriguing is Svolt, a spinoff of Great Wall Motors that has decided to invest up to 2 billion euros ($2.47 billion) in Germany to create a European manufacturing base.

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