When has a bankrupt company ever repaid a loan in full? When governments get involved in subsidies, the money might as well be a grant when things go bust.
It should fail the feasible analysis at the beginning. How do they think they could do something from zero with profitable future when you have a competitor share 70% of global share?
@@kentan2428 speaking as a finance expert, these projects are undertaken with enthusiasm because the competition is always underestimated. It’s a combination of feeling superior to the Chinese and believing that you’re smarter than everyone else.
Nobody forced Northvolt to hire people from China who had never worked in a battery factory (such as CATL or BYD). Northvolt fantasized about getting the technology of battery production from an equipment supplier of CATL, which was impossible. Have you ever seen anyone learn cooking from the kitchen knife manufacturer?
Still waiting for that person to do… something. Unprofessional, a snob (off the scale on that 1) and refused to shake Trumps hand. Only a idiot does that.
Ursula von Der Lying has done it again. She also said that U.S. LNG was cheaper than Russian gas or LNG and now
Germany is a basket case.
She is Washington's Ambassador to EU
❤exactly
she's a trojan horse deployed to destabilise from the inside
@@lionvictor9944 Wait wait wait, Isn't she a German?
UvdL's time as German defense minister was similarly stellar
It's always easier to blame others for your own failures.
Why did Canada give this European battery maker $7 billion? We want our money back… that’s twice as much as BYDs subsidies…
When has a bankrupt company ever repaid a loan in full? When governments get involved in subsidies, the money might as well be a grant when things go bust.
And they accuse china for subsidising its car industry
Well done Vonder Woman
What an utter joke the EU is.
Interesting case study revealing serious managerial weaknesses on the part of Northvolt. A fish rots from the head.
too much objectives to start with, too big to chew.
It should fail the feasible analysis at the beginning. How do they think they could do something from zero with profitable future when you have a competitor share 70% of global share?
@@kentan2428 speaking as a finance expert, these projects are undertaken with enthusiasm because the competition is always underestimated. It’s a combination of feeling superior to the Chinese and believing that you’re smarter than everyone else.
lesson to learn: don't have too much goal to achieve specially if you don't have experience. have 1 goal, meet the goal, then add another goal.
Nobody forced Northvolt to hire people from China who had never worked in a battery factory (such as CATL or BYD).
Northvolt fantasized about getting the technology of battery production from an equipment supplier of CATL, which was impossible.
Have you ever seen anyone learn cooking from the kitchen knife manufacturer?
Ursula wonder lying
😅😂
My tax money has gone to manufacture something that no one wants 😳
A good lesson. However; the West can always print more more $ / € .👏👏👏
Do can every one else .
So can every one else
The oligarchs took their share and left for the next scam?
Well done,Ursula😂😂😂😂😂
Not volt, started with NO, ended with Gone, the end
It wasn't just supply chains, but technology. Therewasnt enoigh.
So European companies had subsidies too? Who knew?
👍🏼🇨🇳
Some dreams are nightmare.
Still waiting for that person to do… something. Unprofessional, a snob (off the scale on that 1) and refused to shake Trumps hand. Only a idiot does that.
Inexperienced personnel was the key reason. Plus ideological mindset.
Some people got stinking rich.
Taxpayers get screwed.
I am buying a horse.
Not an electric one either
😂😂😂😂😂😂😂😂😂😂
🤣🤣🤣🤣🤣