Fast Charging EV Company Closes Australian Plant, Pivots to US to ‘Achieve Profitability’

Tritium CEO Jane Hunter said it was necessary to close the Brisbane plant in order to remain competitive.

An EV charging car space in Calamvale of Brisbane, Australia, on Jan. 29, 2023. Daniel Teng/The Epoch Times

Electric vehicle fast-charging company Tritium will shutter its Brisbane factory and consolidate operations for better profitability in the United States.

This comes after the company reported a loss of $120.3 million (AU$189.2 million) for the 2022-23 financial year (pdf), compared to a loss of $298.6 million (AU$469.5 million) in the previous year.