Spirits were high in the region when two years ago, Chinese battery manufacturer and Daimler supplier Farasis announced the construction of a new plant in Bitterfeld-Wolfen (Saxony-Anhalt), which had been particularly hit after the German reunification. The Chinese company promised 600 million euros in investments and about 600 new high-quality jobs. Now, Farasis announced that it would review its construction plans. The company is revising its Europe-wide ‘localization strategy’. German business newspaper Handelsblatt reported that the project in Bitterfeld might not even happen after all, and a delay in construction of around two years until autumn 2024 was to be expected at the least.
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