With each day that goes by, there is more and more news indicating the EV market is saturated. First, it was manufacturers cutting back on EV investments, then a gradual shift back to hybrid vehicles - and now it's China pulling out of investments in Germany due to lack of demand. Chinese electric vehicle battery producers are scaling back their expansion in Germany due to a drop in EV sales, according to Nikkei Asia. SVOLT Energy Technology, a spin-off from Great Wall Motor, announced the suspension of its planned battery cell plant…
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