Northvolt goes from Europe battery promise to crisis

Re:Northvolt goes from Europe battery promise to crisis by Cumpiler69 on Tuesday November 26, 2024 @03:05AM (#42243523)

This. The system works just as intended. If the state is throwing free money around why wouldn't you pick it up and pocket it? Your job isn't to create jobs or return on investment, it's to funnel that free state money in the pockets of shareholders.

For those looking for another similar example of European subsidized tech failure check the ST-Ericsson story.

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Re:Northvolt goes from Europe battery promise to crisis by Al-Khwarizmi on Tuesday November 26, 2024 @03:14AM (#42243564)

China also subsidizes the car and battery industry and in their case, it seems to be working just fine. So a blanket statement of "state subsidies = bad" does not tell the whole story.

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Re:Northvolt goes from Europe battery promise to crisis by Cumpiler69 on Tuesday November 26, 2024 @03:20AM (#42243592)

Of course, everyone is subsidizing their industries, especially the US and China.

I never made a blanket statement that all state subsidized are bad, I just pointed out some cases of major EU failures which you took as a blanket statement.

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Re:Northvolt goes from Europe battery promise to crisis by huijzer on Tuesday November 26, 2024 @04:02AM (#42243821)

This is a bit of a black and white way of putting it. Yes, much state money is wasted, but not all. Some of the money went to Swedish construction workers for example.

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Re:Northvolt goes from Europe battery promise to crisis by Cumpiler69 on Tuesday November 26, 2024 @06:06AM (#42244627)

>Some of the money went to Swedish construction workers for example

Ah, the myth of trickle down economics.

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Re:Northvolt goes from Europe battery promise to crisis by pas on Tuesday November 26, 2024 @06:26AM (#42244745)

fiscal multiplier != trickle down

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