Svolt China Takes Over European Subsidiary

Chinese battery manufacturer SVOLT has taken over the management of its European subsidiary in November. This is according to a report in the German newspaper “Saarbrücker Zeitung”. Despite the announcement about ceasing operations in Europe by the end of January 2025, the legal entity “SVOLT Europe” will remain in place. This raises questions about the companyʼs future strategy in Europe.

According to the report, the takeover by the parent company does not mean a final rejection of the plans to locate in Überherrn, Germany. The Saarland Ministry of Economic Affairs claimed that SVOLT would continue to await the outcome of a legal challenge and carry out a profitability audit before deciding how to proceed. It is unclear whether and how the company will implement its original plans in Saarland.

In mid-December 2024, representatives of SVOLT China had met with the Saarland Minister for Economic Affairs, Jürgen Barke, and Strukturholding Saar in Saarbrücken. During the meeting, it was reiterated that the planned site in Überherrn will continue to be examined. It remains to be seen if and when an application for a permit under the Federal Immission Control Act will be submitted. The lease for the Heusweiler plant remains in place, according to a Strukturholding spokesperson.

Source:https://www.saarbruecker-zeitung.de/saarland/saar-wirtschaft/svolt-keine-absage-fuer-fabrik-in-ueberherrn-im-saarland_aid-122227771