InoBat Auto says the factory will reduce EV manufacturers’ dependence on Asia and contribute to a strong European energy production and storage infrastructure.
Performance ranges from a contraction of 5.4% q/q in Slovakia to growth of 0.3% q/q in Bulgaria and Romania.
Investors might consider acquiring additional stakes if the uncertainty around the coronavirus pandemic that which forced the retail chain to close its stores causes a further fall in the share price.
A worldwide lockdown has created havoc for retailers as their customers are forced to stay at home. There has been a little respite as sales in March surged due to panic buying but that has given way to a lockdown that keeps stores closed
There are encouraging signs that the authorities in Central Europe have brought the virus under control and policymakers are slowly starting to ease lockdown measures, which will support a recovery in activity, but a sharp slowdown remains inevitable