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German lead battery maker Moll blames sales drop caused by coronavirus for insolvency after 75 years

Thu, 04/02/2020 - 16:05 -- Paul Crompton

German lead-acid battery maker Moll Batterien has opened insolvency proceedings after 75 years of operation due to the “sudden, massive, and permanent” decline in sales caused by the corona crisis.

The 75-year-old company applied to the Coburg District Court for the opening of insolvency proceedings on Monday, 30 March. The company made EFB, AGM and VRLA starter batteries for automotive applications, and had recently launched a 12.8V lithium iron phosphate battery.

German
AGM
EFB
VRLA
Lithium-ion
lead-acid
battery
Moll Batterien
coronavirus
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