Northvolt破產：歐盟無法擊敗中國
・中國對歐盟關稅的報復措施
・預測川普2.0的影響
我們將提供在YAHOO JAPAN 上發表的文章的摘要。
Northvolt bankruptcy:
On November 21, Northvolt filed for Chapter 11 bankruptcy.
1. Northvolt was established in Sweden in 2016 to prevent China from entering the EV market.
2. Despite receiving support and cooperation from the EU and the US, it was unable to beat China.
The future of “EU’s additional EV tariffs on China”:
1. Northvolt’s bankruptcy makes it difficult for the EU to continue to impose additional EV tariffs on China.
2. Trump 2.0 will also be born, and the EU will be forced to make concessions to China.
CCTV2 program: “World Finance”
On November 23, CCTV2 reported that “Northvolt only has one week’s worth of cash left.”
Its debt is US$5.8 billion, but it has only US$30 million left.
Northvolt’s major shareholders:
1. BMW and Volkswagen,
2. Goldman Sachs,
3. Denmark’s largest pension fund ATP,
4. The UK’s Baillie Gifford fund,
and many Swedish companies have invested a total of US$15 billion (2.2 trillion yen).
Northvolt’s sloppy management: The Information (11/25)
Northvolt’s aim is to produce with environmentally friendly energy such as hydroelectric power.
It’s only “aiming to be clean,” and technology and price are secondary.
1. It opened a factory in the remote Skellefteå (latitude 64 degrees north, average temperature 3.8 degrees, minimum temperature -24 degrees).
2. Migrant workers in Europe cannot stand the bitter cold and don’t want to go to work.
3. Most of the founding team were former subcontractors for Tesla and had zero knowledge of battery manufacturing.
The company was founded with the aim of breaking away from China, but ultimately has no choice but to rely on Chinese technology.
Commentary from China’s The Paper (November 28th)
Northvolt continued to pursue unrealistic ideals, and collapsed due to the gap with reality.
Northvolt wants everything: gigafactories, cathode material manufacturing, battery recycling, and battery pack assembly.
Commentary from the Financial Times in the UK:
The EU’s 30 gigafactories were built with the support of China and South Korea.
However, materials science and electrochemistry are neglected in the EU.
Many opinions from Wuxi Pioneer Intelligence Company:
~Regarding the dust in the dust box containing metal powder~
1. Northvolt employees were ignorant and sucked up the dust with a regular vacuum cleaner.
2. Naturally, a dust explosion occurred, resulting in deaths.
Chinese people come from top universities:
Chinese employees are engineering graduates from “211 Engineering University”.
They are high-level personnel who have been trained at Wuxi EV battery manufacturers.
1. At Northvolt, Chinese people are treated as blue-collar workers and have low salaries.
2. Northvolt’s management only works 4 days a week and receives high salaries.
Top 10: 6 Chinese, 3 Korean, 1 Japanese
According to South Korea’s SNE Research, the market share from January to September 2024 is shown in Figure 1.
Top 10: 6 Chinese, 3 Korean, 1 Japanese
According to South Korea’s SNE Research, the market share from January to September 2024 is shown in Figure 1.
China accounts for 65% of the world’s EV batteries:
CATL is the top, followed by BYD.
Japan is only Panasonic, with only 4%.
Reasons for China’s rapid growth:
Xi Jinping and Elon Musk teamed up.
China’s rapid growth is because Xi Jinping attracted Tesla to the Chinese side.
High-tech national strategy: “Made in China 2025”
In April 2018, Xi Jinping gave Tesla’s Shanghai factory a generous treatment as a wholly owned company.
The arrival of Tesla stimulated Chinese EV and EV battery manufacturers.
1. China’s low-cost EV batteries swept the world.
2. South Korea’s rapid growth in 2020 was due to Tesla.
In August 2019, South Korea’s LG Energy also agreed to procure batteries from Tesla.
The impact of Trump 2.0: EE Times China (11/25)
The future of additional tariffs on Chinese EVs:
The EU implemented additional tariffs on Chinese EVs from October 30 this year.
However, EU countries are not monolithic, and the EU has not yet found a final conclusion.
1. The Trump 2.0 administration will impose uniform tariffs on the EU as well and ignore environmental issues.
2. The Trump 2.0 administration is analyzing that “it will naturally have a major impact on Sino-European trade negotiations.”
China retaliates against additional EU tariffs:
China is considering raising tariffs on dairy products, pork products, chemicals, and brandy.
However, considering the birth of a Trump 2.0 administration, this will be a double blow to the EU.
It would be better for China to raise the price of EV exports:
1. The compromise for China is not to overturn the additional tariffs on EVs on China decided on October 29.
2. It is important that China raises the prices of EVs and EV batteries for export to the EU.
https://news.yahoo.co.jp/expert/articles/7849162d6e857f6c9b129b29e76400b3d916aba1