Hive Energy's European and German Operations Set to Cease on January 31, 2025

Published: Oct 28, 2024 15:52

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[Hive Energy's European Company and German Subsidiary to Cease Operations Effective January 31 Next Year] Recent news revealed that domestic power battery enterprise Hive Energy Technology Co., Ltd. has decided to suspend the construction of its two battery factory projects in Germany. In response to reporters, Hive Energy stated that due to reasons beyond its control, the development of the European electric vehicle market has failed to meet the expectations of all stakeholders. The company had to make the difficult decision to terminate the commercial operations of Hive Energy Technology (Europe) Co., Ltd. and its German subsidiary, with the decision taking effect on January 31, 2025.

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