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Shenzhen OptimumNano

China EV battery firm cuts production over financial crisis

Wed, 05/16/2018 - 09:18 -- Xuan Zhong
A leading Chinese electric vehicle (EV) battery manufacturer, Shenzhen OptimumNano, has been forced to slash production to just 20% of its capacity amid a financial crisis.  OptimumNano, reportedly China’s third largest EV battery maker as of 2016, said it had taken the drastic move because it has a glut of batteries in stock that it cannot sell.

A leading Chinese electric vehicle (EV) battery manufacturer, Shenzhen OptimumNano, has been forced to slash production to just 20% of its capacity amid a financial crisis.

OptimumNano, reportedly China’s third largest EV battery maker as of 2016, said it had taken the drastic move because it has a glut of batteries in stock that it cannot sell.

 

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