I think the 2008 financial crisis scarred the EU so badly no one dared to dream big anymore after that. Sad really.
European Economics Thread
- Thread starter PiSigma
- Start date
The great European hope to batteries is on the verge of collapse. Guess what, keeping cost down and scaling production isn't easy.
Scaling up production is the difference between producing a boutique product and have something which can have a pervasive effect on society.
BYD started out making batteries for smartphones and only afterwards they scaled up to larger EV batteries. These companies in Europe and the US trying to go for the big bang approach are all likely to fail. They want to go straight into the EV market on which price sensitivity for batteries is much more of an issue.
The lack of fundamental battery research in the West is not an issue. The thing is it is pointless without the capability to mass manufacture them at an affordable price.
BYD started out making batteries for smartphones and only afterwards they scaled up to larger EV batteries. These companies in Europe and the US trying to go for the big bang approach are all likely to fail. They want to go straight into the EV market on which price sensitivity for batteries is much more of an issue.
The lack of fundamental battery research in the West is not an issue. The thing is it is pointless without the capability to mass manufacture them at an affordable price.
There's been no reports of cost overruns, it all comes down to production - or the lack thereof.
Mass production is a matter of engineering expertise and they likely never knew what they were doing.
Instead they've been promoting themselves like some World saving tech startup, supposed to produce the "greenest" batteries in the World. The irony being that due to their limited production they likely produce the least environmentally friendly batteries in the World.
Last year or so they've also promoted themselves as a necessity for EUs vision of autarchy, while the truth is that the EU already produces above 60% of the lithium batteries it consumes.
Blackrocks promotional video from a year ago was somewhat amusing:
There's no sense of any massproduction going on, no fast or slick editing could hide this damning omission.
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40.3% reading for a PMI?
I do not believe I have ever seen it that low, not even in the pandemic.
That is so funny. Everyone saw it coming a mile away. Yet, those dumb German politicians did nothing except go along with it.
You know, maybe that is why that sly fox wants to drag this war out. The longer that war lasts, the worst it becomes for the entire continent, as that is a big negative. That other war, with the ships sailing to Europe taking the long route does not help either.
They got what they deserved for a change. Haha!
I do not believe I have ever seen it that low, not even in the pandemic.
That is so funny. Everyone saw it coming a mile away. Yet, those dumb German politicians did nothing except go along with it.
You know, maybe that is why that sly fox wants to drag this war out. The longer that war lasts, the worst it becomes for the entire continent, as that is a big negative. That other war, with the ships sailing to Europe taking the long route does not help either.
They got what they deserved for a change. Haha!
Ahh ... screw it! I gonna rant!
1. Let's kid ourselves, on the centrality of the German economy to the entire health of the European continental economy. The EU use to be a growth pole, and German economy was the one who drove the bus. So if the Germans do not do well, expect the ripple effects to bite hard across the continent.
2. That DW media outlet in Germany. What a bunch of useless tools. They always harp on anything that is bad or supposed to be bad about the Chinese economy, yet here is a 40.3% reading for a German PMI. This suggest utter collapse. Yet, we never see such hand wringing from DW. This was coming, and a few years in the making, for the German economy. Does not seem DW was aware or did not care about Germany. Conclusion, the Germans really love their propaganda. They must have it.
3. Crap! There is no way out! There is no way out of this for the German economy. Do not expect robust growth to return anytime soon. What has to happen is a bottoming out phase. That will not be pleasant, because this is de-industrialization that the German government has embarked upon. Whether this de-industrialization plan from the German government was deliberate or unintentional, (cannot make up my mind), that does not matter at this stage of the game.
4. Are we being too negative? Or is the news even worst? I think it is worst. Nothing is looking up, and they got to wait until they find a positive. They will find more negatives than a positive, over the next few months, just like the past few months. That they cannot break out of this negative cycle that reinforces itself, that is an utter failure for the entire system! Then DW tells us how bad China is doing for years and years! Haha! Those people DW are unable to compare two numbers! 40.3% for a PMI reading! Get the bleep out of here!
5. All this talk from the Europeans about de-coupling or de-risking, cannot be taken seriously! A 40.3% PMI reading! Do anyone thinks or believes European businesses have the number one priority of de-coupling or de-risking? Get DW to spread more propaganda!
6. They got all these problems, so naturally the EU wants to start a trade war with China with the EV tariffs. WTF? Let's repeat that, WTF? Then DW will chime in with more propaganda, trying to make the EU look like it is being tough. When the reality is they are being stupid beyond belief! A 40.3% PMI reading!
7. Then some posters in this very forum, would latch onto such stuff, and claim things are not so bad, and it is going good!
Hehe. Hehe.
Do the Germans deserve this? That depends on your politics. Most definitely the dumb German politicians deserve to be exposed as complete frauds. Their decisions will hurt a lot of people.
But that is Europe, still run by a bunch of aristocrats. Only the peasants get to eat bread or something like that.
1. Let's kid ourselves, on the centrality of the German economy to the entire health of the European continental economy. The EU use to be a growth pole, and German economy was the one who drove the bus. So if the Germans do not do well, expect the ripple effects to bite hard across the continent.
2. That DW media outlet in Germany. What a bunch of useless tools. They always harp on anything that is bad or supposed to be bad about the Chinese economy, yet here is a 40.3% reading for a German PMI. This suggest utter collapse. Yet, we never see such hand wringing from DW. This was coming, and a few years in the making, for the German economy. Does not seem DW was aware or did not care about Germany. Conclusion, the Germans really love their propaganda. They must have it.
3. Crap! There is no way out! There is no way out of this for the German economy. Do not expect robust growth to return anytime soon. What has to happen is a bottoming out phase. That will not be pleasant, because this is de-industrialization that the German government has embarked upon. Whether this de-industrialization plan from the German government was deliberate or unintentional, (cannot make up my mind), that does not matter at this stage of the game.
4. Are we being too negative? Or is the news even worst? I think it is worst. Nothing is looking up, and they got to wait until they find a positive. They will find more negatives than a positive, over the next few months, just like the past few months. That they cannot break out of this negative cycle that reinforces itself, that is an utter failure for the entire system! Then DW tells us how bad China is doing for years and years! Haha! Those people DW are unable to compare two numbers! 40.3% for a PMI reading! Get the bleep out of here!
5. All this talk from the Europeans about de-coupling or de-risking, cannot be taken seriously! A 40.3% PMI reading! Do anyone thinks or believes European businesses have the number one priority of de-coupling or de-risking? Get DW to spread more propaganda!
6. They got all these problems, so naturally the EU wants to start a trade war with China with the EV tariffs. WTF? Let's repeat that, WTF? Then DW will chime in with more propaganda, trying to make the EU look like it is being tough. When the reality is they are being stupid beyond belief! A 40.3% PMI reading!
7. Then some posters in this very forum, would latch onto such stuff, and claim things are not so bad, and it is going good!
Hehe. Hehe.
Do the Germans deserve this? That depends on your politics. Most definitely the dumb German politicians deserve to be exposed as complete frauds. Their decisions will hurt a lot of people.
But that is Europe, still run by a bunch of aristocrats. Only the peasants get to eat bread or something like that.