Alevo Group: Alevo assets sold, Concord battery-storage plant to remain closed

The remaining assets of Alevo Manufacturing in Concord have been auctioned off for $5 million, with the apparent winner being a consortium that is building a battery storage production plant in Huron, N.Y. The 290-worker Concord site closed down suddenly in August when the manufacturer, owned by the Swiss Alevo Group, and its companion company Alevo USA announced they were filing for Chapter 11 bankruptcy protection. On Wednesday, a bankruptcy judge in the U.S. Middle District of North Carolina...