@@Michael-yi4mc We are the west as we know it. EU, US and Canada has big tarifs, right? BYD Seal is ~$25 000 in China and here in Sweden we pay ~$58 000
@@DR-ib2yg Yes, we, the "West", are complaining, and the fact that a CHINESE-owned car company ASKS $1.2 BILLION to the government where the real factory is located, just PROVES that without HEAVY subsidies the Chinese cars could not be sold at those ridiculous prices. Which is what is causing the collapse of Stellantis, VW Group and all the other "Western" companies
You're wrong about Volvo not producing cars in Sweden. They produce 1250 cars/day of the 60- and 90-series in the Torslanda factory in Gothenburg. R&D, Engineering, Software development and Design are also still done in Gothenburg.
Read sometime back Geely wants to centralise car design in UK for Volvo, Lotus, Proton, Geely, Lynk. Not sure what is the status now with British decoupling from China.
@@stefanhendrickx979 Yes. Volvo Cars have factories in: Gothenburg, Sweden Ghent, Belgium Ridgeville, South Carolina, USA Chengdu & Daqing & Taizhou in China They will also open a new factory in Kosice, Slovakia in 2026.
Well, true but not true. It's assembled at Torslanda but where does the parts come from? From 100+ countries and more and more from China. And the parts in themselves? Where do they come from? Mainly China. I'm Swedish and I hate it. Both my kids work/worked at Torslanda. A Swedish car? Scarcely.
Actually Northvolt is in Skellefteå, a city in northern Sweden. The production is shit. Soon bankruptcy. The government will not save it. But yes, there are sites in other places planned and running. But trust me. It's a disaster. Money in a deep black hole with some people getting rich. Soon it'll be over.
Las Vegas spent more money on a football stadium that is used for its intended use 8 days a year--they do hold concerts there but if Allegient Stadium is used even 100 days a year I will be shocked. It is much better to spend that money on a battery factory that will be used 24/7/365 and has an actual chance to pay back the investment than to subsidize some billionaire's hobby.
NorthVolt that is privately owned battery manufacturer has been riddled with problems including fatal accidents. A Chinese run one would have access to their supply chains so that will be much better.
Why would Geely share it's battery IP with Northvolt? President Xi explicitly told Chinese battery makers and EV makers not to share IP when expanding abroad.
Cause North American and other countries, are starting to add tariffs to chinese made cars. So by partnering and/or licensing their technology, chinese companies can still financially survive or make money.
When Volvo was really Volvo they made uniquely strong cars, like the 240 that with car would last a very long time. I had two of these many years ago. Fantastic and cheap to repair, on the rare occasions that was necessary. Since they were bought by Ford and then Geely, they make cars that are neither better nor worse than many rivals, cheaper and more expensive. It is Sweden's own business whether they go for this grant of tax-payer money to Geely. I suppose it will be based on a cost benefit analysis and not so much on a loyalty to the Volvo marque as such by now. Norway never made a serious effort to build cars, but they do make very good oil rigs and other ocean going craft, and marine engines. I suppose it depends on how strong the market still is for Sweden and across Europe, and whether this justifies the grant. Best wishes from George in UK. PS: Half British and half Norwegian.
This remind me the story of Nissan in UK: In February 1984, Nissan and the UK government signed an agreement to build a car plant in the UK. The following month a 799-acre (3.23 km2) greenfield site in Sunderland, Tyne and Wear, was chosen. As an incentive the land was offered to Nissan at agricultural prices; around £1,800 per acre. Jaguar Land Rover is owned by the Tata Group, an Indian conglomerate. In July 2023, Tata Group announced plans to invest £4 billion to build a gigafactory in the UK. The new gigafactory will supply batteries for all Jaguar Land Rover’s (JLR) future battery electric vehicles.74 Once built, the new gigafactory is due to have an initial capacity of 40GWh. Battery production is due to start in 2026.
@@johnnylind-n7j The vast majority of Volvo vehicles are assembled in Sweden, mainly at the Torslanda and Skovde facilities ... but all of that is included in the volvo cars group
Seems a number of large battery factories are coming to Europe, prior to the Swedish Nothvolt plant announcement the UK had two largest factories announcement. These being the 40GW Tata factory in Somerset, and the Envision AESC 38GW one in Sunderland, both of these are being funded by the companies (£4bn Tata and £1bn Nissan/Envision) but with UK government support.
I think the Swedish goverment has money "enough" as all Skandinavian countries. And Holland as well, by the way. And..of course $1.2 billion is a lot of money, but "nothing" for a rich (Skandinavian, or other North European) country.
You are wrong, Volvo does make cars in Sweden. Volvo Cars has production plants in Torslanda in Sweden, Ridgeville, South Carolina in the United States, Ghent in Belgium, and Daqing in China.
Great marketing idea. This car will swamp Europe. All the people don't want a Chinese car will fall over themselves to have this and feel good about themselves.
The Canadian government contribution to the Volkswagen gigafactory in St. Thomas is $13b.($10b. U.S.). The fact that batteries are going to be made for Volkswagen cars in St. Thomas means those batteries are exported to the U.S. under the USMCA.
Ever wonder how much more expensive these VW EVs will be in order to earn a return on a $13B factory? It's just not a competitive product price-wise or tech-wise
@@ladygracienyc2029 I think ppl are taken aback at how little their money buys, especially for manufactured goods. The deterioration of purchasing power is real, though the cars themselves are being held to a much higher standard technologically. The subsidy is over time, and not a single expenditure. The U.S. offered less. The story for Canadian parts manufacture is that production stalls in a major recession, and the OEMs go bankrupt.
@@orionbetelgeuse1937 Look at it this way. If you build an analogue internal combustion engine car and try to cram it with software goodies, it won’t sell. The lithium ion phosphate batteries are relatively new technology. from the 1990’s and are bound to change the way we do things. Even your battery knowledge is obsolete.
@@orionbetelgeuse1937 I know you’re really angry and upset at referring to EVs as new technology. EVs were first developed in the 19th century alongside ICE. From time to time, they saw a revival as battery improvements saw the light of day. You might like Patrick Boyle’s video on the EV market, as the bubble has evidently popped: ruclips.net/video/Zjuj1xB_Ze8/видео.htmlsi=XWyvflriFSXro0X9
@@orionbetelgeuse1937 The world is faced with the reality of having to cope with global warming and eliminating the use of fossil fuels. How do you propose we all go about reducing emissions?
Then nio could be german too ( Design in Munich )… Like Volvo only Part of the Design is in sweden … for How Long ? European Designers will all move to China … no Need to keep an expensive Center in Europe
They do the same as all other car brands... The problem is Fiat is no longer italian, but french, Volvo is no longer swedish, Jeep is no longer american...
Why not take over NothVolt, so the workers don't loose their job, the factory are buidt 🤔 some company that alredy have production and knowlege.............??
How come the Chinese people say that the ranges and battery durability are not what you are saying. They are the laboratory by the way.Are they paying you?
Most new cars and now EVs in Sweden are company cars. Over 300,000 cars are every year changed to new new cars with new leases and most companies want to show they care about the environment and hence offer only EVs to their employees. Barely any new EVs are bought privately.
@@ArbitraryFilmings Your data is VERY wrong. It's actually 70%. It's easy to find out. Just Google it. Volvo has 86% company cars. And I don't need to cope anything. It's all facts :)
No Volt is doing amazing in Sweden so it makes perfect sense to build factory in Sweden with Chinese engineers again paid for by the Swedish taxpayer. Makes sense
@@bofomalsi4146 OK. I assumed Geeley owned most of Volvo Cars when they purchased it from Ford. I know Geeley owns a share in Volvo AB but that's a publicly traded company.
Just say "no". These companies thinking the people should just throw money at them by either tax write off's or payments are insane. Stop doing this stuff!
how about goverments stop giving out billions, oems need to start to give up some money to fund this, if they want a billions then the oem should give up the same ammount
Bombardier only open their business in Canada if the Canadian government kept pumping freebie money in to function in Canada. Already $1 billion from the Fed and 1 billion from the province of QC. Only 3 years later, Bombardier announced moving some of its big operations to 🇲🇽 Mexico. With a loss of 1- 3 thousand jobs after munched the FREEBIE$.
Jobs for the Swedish people...who fuXked it up when they didn't sell a part of Volvo to the Norwegians for some natural goods in return...and then Norway went rich. 🤣🤣🤣
Always like Volvo but when China acquired them; I will have nothing to do with them. Same when IBM sold their PC Notebook division to Lenovo, a Chinese company.
Sweden resident here: reason why the SEA is giving $1.2bn is because they can. No, really. The SEA is not even a big agency in Swedish terms but because of Swedish immigration policy over the last decade, Sweden's economy is growing like crazy because of the increase in Labour these immigrants bring - Sweden is export oriented and both it's exports and domestic consumption surged because of it. So now we have massive surpluses that even a smaller agency like SEA has billions looking for a home. Most successful Welfare State ever.
Geely i dont understand today okay joint adventures if zeekr technology is geely with no joint ventures tell me the difference first no joint venture so in theory that profit is all yours right its The technology geely all brands doesn't zeekr technology get this plus anything they come up with because of the nature of The joint ventures and zeekr technology gets this because as they would say in the United States without this would possibly systemic risk so they can lease out the technology even their joint ventures Plus protect their own brand meaning this higher end price range cars tells me first global is there goal and its never going out of business regardless it can't The cars are built on a platform its IPO stock is down 38 % i am down Around 24% yes i understand why i am looking out 5-year because many ev companies will be gone in China this is the biggest reason a IPO in China in 2024 only one company i would risk this or it means China's uninvestable does anybody really know on this channel these questions?
The best solar company in Australia just installed my new solar system.
Check them out here: www.resinc.com.au/electricviking
And here we are complaining about chinese subsidys and putting tarrifs on their cars :D
Who is “we”?
@@Michael-yi4mc We are the west as we know it.
EU, US and Canada has big tarifs, right?
BYD Seal is ~$25 000 in China and here in Sweden we pay ~$58 000
@@DR-ib2yg
Yes, we, the "West", are complaining, and the fact that a CHINESE-owned car company ASKS $1.2 BILLION to the government where the real factory is located, just PROVES that without HEAVY subsidies the Chinese cars could not be sold at those ridiculous prices. Which is what is causing the collapse of Stellantis, VW Group and all the other "Western" companies
@@Michael-yi4mcyou I guess 🤭, your country also 😂
so cheap and useful as compared to the Australian submarine contract.
😂😂😂
You're wrong about Volvo not producing cars in Sweden. They produce 1250 cars/day of the 60- and 90-series in the Torslanda factory in Gothenburg. R&D, Engineering, Software development and Design are also still done in Gothenburg.
Read sometime back Geely wants to centralise car design in UK for Volvo, Lotus, Proton, Geely, Lynk. Not sure what is the status now with British decoupling from China.
Production in Gent, Belgium
@@stefanhendrickx979 Yes. Volvo Cars have factories in:
Gothenburg, Sweden
Ghent, Belgium
Ridgeville, South Carolina, USA
Chengdu & Daqing & Taizhou in China
They will also open a new factory in Kosice, Slovakia in 2026.
Well, true but not true. It's assembled at Torslanda but where does the parts come from? From 100+ countries and more and more from China. And the parts in themselves? Where do they come from? Mainly China.
I'm Swedish and I hate it. Both my kids work/worked at Torslanda. A Swedish car? Scarcely.
Actually Northvolt is in Skellefteå, a city in northern Sweden. The production is shit. Soon bankruptcy. The government will not save it. But yes, there are sites in other places planned and running. But trust me. It's a disaster. Money in a deep black hole with some people getting rich. Soon it'll be over.
Las Vegas spent more money on a football stadium that is used for its intended use 8 days a year--they do hold concerts there but if Allegient Stadium is used even 100 days a year I will be shocked. It is much better to spend that money on a battery factory that will be used 24/7/365 and has an actual chance to pay back the investment than to subsidize some billionaire's hobby.
How come Norway and Sweden cold climate counties don't have a huge fuss over cold charging?
Preheaters....
@@5nowChain5Ignorance😂😂
I'm sure the EU government is frothing at the mouth trying to think how to impose restrictions on Geely cars 🤣
😂😂😂😂 Yeha that is a funny thing 😂😂😂😂 while the NorthVolt factory struggling to survive.
Let some other fx CATL run the NorthVolt factory !! ??
There are still Volvo cars made in Sweden and the EX60 is planned to be build in Gothenburg
NorthVolt that is privately owned battery manufacturer has been riddled with problems including fatal accidents. A Chinese run one would have access to their supply chains so that will be much better.
Why would Geely share it's battery IP with Northvolt? President Xi explicitly told Chinese battery makers and EV makers not to share IP when expanding abroad.
Cause North American and other countries, are starting to add tariffs to chinese made cars. So by partnering and/or licensing their technology, chinese companies can still financially survive or make money.
Just ask the people at Volvo in Gothenburg; yes, they do design and engineering the Volvo cars there!
I drive a XC90 PHEV. Hands down the most luxurious driving experience in all EVs. Not to mention the safety
Sweden should jump on this. They will be the only modern automaker outside China and Tesla. Legacy will have a cow.
It’s s good investment for Sweden, to keep high-end knowledge in the country, and thereby high-end technology companies. It’s very essential!
US$ 1.2 billion isn't much. The german mini project Stuttgart 21 costs over US$ 11 billion.
Well, it is almost 1% of Swedish governments yearly budget.
Thank you for your continuing excellence information
When Volvo was really Volvo they made uniquely strong cars, like the 240 that with car would last a very long time. I had two of these many years ago. Fantastic and cheap to repair, on the rare occasions that was necessary.
Since they were bought by Ford and then Geely, they make cars that are neither better nor worse than many rivals, cheaper and more expensive.
It is Sweden's own business whether they go for this grant of tax-payer money to Geely. I suppose it will be based on a cost benefit analysis and not so much on a loyalty to the Volvo marque as such by now.
Norway never made a serious effort to build cars, but they do make very good oil rigs and other ocean going craft, and marine engines. I suppose it depends on how strong the market still is for Sweden and across Europe, and whether this justifies the grant.
Best wishes from George in UK.
PS: Half British and half Norwegian.
No i did buy byd thats not IPO and making a. Profit received 1100 dividend last quarter
same problem in Québec , Canada
Sounds like the BIG B.
?????
BOMBARDIER 😅😂😅😂😅😂
@@loktom4068 but not... Bombardier isn't Chinese.
This remind me the story of Nissan in UK:
In February 1984, Nissan and the UK government signed an agreement to build a car plant in the UK. The following month a 799-acre (3.23 km2) greenfield site in Sunderland, Tyne and Wear, was chosen. As an incentive the land was offered to Nissan at agricultural prices; around £1,800 per acre.
Jaguar Land Rover is owned by the Tata Group, an Indian conglomerate. In July 2023, Tata Group announced plans to invest £4 billion to build a gigafactory in the UK. The new gigafactory will supply batteries for all Jaguar Land Rover’s (JLR) future battery electric vehicles.74 Once built, the new gigafactory is due to have an initial capacity of 40GWh. Battery production is due to start in 2026.
Volvo is still Swedish, but they are not producing personal vehicles, what has been sold in past to Ford and later to Geely is Volvo Cars.
too bad.. everything about Volvo means Volvo cars, not AB Volvo
You are wrong , we still produce personal vehicles in Sweden .
@@johnnylind-n7j The vast majority of Volvo vehicles are assembled in Sweden, mainly at the Torslanda and Skovde facilities ... but all of that is included in the volvo cars group
The battery plant could be benefit to the commercial vehicle production in the local.
In all truthfulness, mes amis, ALL EV'S, vehicles of a Fool's Paradise, are but a fanciful dream...a Wet Dream.
MG and Lotus are Chinese too. There are a lot of Korean components in Fords and GM's.
He said Volvo is reliable?!😲
I haven’t heard of Volvo’s being reliable since we had a Volvo 740 Sedan in 1990
Seems a number of large battery factories are coming to Europe, prior to the Swedish Nothvolt plant announcement the UK had two largest factories announcement. These being the 40GW Tata factory in Somerset, and the Envision AESC 38GW one in Sunderland, both of these are being funded by the companies (£4bn Tata and £1bn Nissan/Envision) but with UK government support.
I think the Swedish goverment has money "enough" as all Skandinavian countries. And Holland as well, by the way.
And..of course $1.2 billion is a lot of money, but "nothing" for a rich (Skandinavian, or other North European) country.
Sweden should jump on the deal, China has the best batteries in the world and China owns the entire supply chain, why argue like the US.
Wasn’t half the podcast saying they wouldn’t be making those top end batteries?
@@rolandnelson6722 better nothing! china owns the battery world!
You are wrong, Volvo does make cars in Sweden. Volvo Cars has production plants in Torslanda in Sweden, Ridgeville, South Carolina in the United States, Ghent in Belgium, and Daqing in China.
Great marketing idea. This car will swamp Europe. All the people don't want a Chinese car will fall over themselves to have this and feel good about themselves.
The Canadian government contribution to the Volkswagen gigafactory in St. Thomas is $13b.($10b. U.S.). The fact that batteries are going to be made for Volkswagen cars in St. Thomas means those batteries are exported to the U.S. under the USMCA.
Ever wonder how much more expensive these VW EVs will be in order to earn a return on a $13B factory? It's just not a competitive product price-wise or tech-wise
@@ladygracienyc2029 I think ppl are taken aback at how little their money buys, especially for manufactured goods. The deterioration of purchasing power is real, though the cars themselves are being held to a much higher standard technologically. The subsidy is over time, and not a single expenditure. The U.S. offered less.
The story for Canadian parts manufacture is that production stalls in a major recession, and the OEMs go bankrupt.
@@orionbetelgeuse1937 Look at it this way. If you build an analogue internal combustion engine car and try to cram it with software goodies, it won’t sell. The lithium ion phosphate batteries are relatively new technology. from the 1990’s and are bound to change the way we do things.
Even your battery knowledge is obsolete.
@@orionbetelgeuse1937 I know you’re really angry and upset at referring to EVs as new technology. EVs were first developed in the 19th century alongside ICE. From time to time, they saw a revival as battery improvements saw the light of day.
You might like Patrick Boyle’s video on the EV market, as the bubble has evidently popped: ruclips.net/video/Zjuj1xB_Ze8/видео.htmlsi=XWyvflriFSXro0X9
@@orionbetelgeuse1937 The world is faced with the reality of having to cope with global warming and eliminating the use of fossil fuels. How do you propose we all go about reducing emissions?
1.2 billion US isn't much in comparison with $22 billion Canadian dollars about $18 billion US is spent on battery plant in Windsor, Ontario, Canada.
first comment. damn i didn't know Volvo was a Chinese company. brother in law has a XC60
It's a Swedish company and it is based in Sweden, majority of voting rights aka owned by Chinese company Geely.
Then nio could be german too ( Design in Munich )… Like Volvo only Part of the Design is in sweden … for How Long ? European Designers will all move to China … no Need to keep an expensive Center in Europe
May your next car from Jaguar or Land Rover.
Here , hold your TATA tea ☕️ cup.😅😅😂😅😂
Volvos head office is in Gothenburg. Is Nios head office in Munich?
@@bofomalsi4146
It's called China's global international business ventures.
Are you just borned yesterday?
Geely, Chinese manufacturer
They do the same as all other car brands... The problem is Fiat is no longer italian, but french, Volvo is no longer swedish, Jeep is no longer american...
I love my pre-1998 Volvos
It could be argued that Volvo like Tesla is actually an energy company that also makes EV cars.
Volvo probably just wants to create more local jobs, which is a good thing. and also complement the new mining stuff going on up north.
Why not take over NothVolt, so the workers don't loose their job, the factory are buidt 🤔 some company that alredy have production and knowlege.............??
I think cars should be for local driving,Public transportation is better
Smart move by Geely! Give the Swedish government a stake in the battery factory.
How come the Chinese people say that the ranges and battery durability are not what you are saying. They are the laboratory by the way.Are they paying you?
Poland is the highest ranked European country in the BNEF 2021 Global Lithium-ion Battery Supply Chain Report.
It does not make sense! Let then by from Northvolt. They are in trouble maybe this help Northvolt?
Jai Hind. Instead of building, Volvo could import state of the arts Feradium batteries from India.
Pagers, walkie talkies, EV batteries....
Zionists
Most new cars and now EVs in Sweden are company cars. Over 300,000 cars are every year changed to new new cars with new leases and most companies want to show they care about the environment and hence offer only EVs to their employees. Barely any new EVs are bought privately.
@@ArbitraryFilmings
Your data is VERY wrong. It's actually 70%. It's easy to find out. Just Google it. Volvo has 86% company cars.
And I don't need to cope anything. It's all facts :)
Ontario paid Northvolt 2 million.
No Volt is doing amazing in Sweden so it makes perfect sense to build factory in Sweden with Chinese engineers again paid for by the Swedish taxpayer. Makes sense
My Volvo s80 has ford explorer components inside! It’s a 2010.
Because the company was owned by Ford, who sold it to the Chinese. Ford was a very unpopular owner. Geely turned out to be a much better owner.
Those battery cells look like ammunition.
No. NO! ABSOLUTELY NOT!
Because?
I assume this is about Volvo Cars which Geeley owns outright and not Volvo AB, the former owner of Volvo Cars.
No not outright, I little less than 80% is owned by Geely.
@@bofomalsi4146 OK. I assumed Geeley owned most of Volvo Cars when they purchased it from Ford. I know Geeley owns a share in Volvo AB but that's a publicly traded company.
Just say "no". These companies thinking the people should just throw money at them by either tax write off's or payments are insane. Stop doing this stuff!
Sweden has the opportunity to leapfrog VAG.
Either these types of investments are needed or accept chinese imports.
Volvo is tough car.
ASK is not the same as geting it
Sweden should give the money as the price of buying back China's stake and nationalize the automaker
volvos are still made in sweden bro. i was looking into a european delivery progam
Designed in...OK, Made in... OK, Engineered in...??
volvo makes 1250 combustion car per day in its Torslanda factory.
Northvolt is about to go bankrubt, so I highly doubt it
Might be a good investment if Sweden gets a cut of the profits.
Swedish government could take a little bit of ownership not just give subsidies
$1.2 billion is nothing. Northvolt got more than $4 billion from Canada, plus another $3 billion in incentives.
Lithium battery? I see aluminum foil on a roll?
There is another big battery factory in Europe. Take a guess which country - starts with a G
how about goverments stop giving out billions, oems need to start to give up some money to fund this, if they want a billions then the oem should give up the same ammount
You break it, you buy it. Call it a tax for the intellectual property theft.
Like Bombardier of Canada.
Go check it out kiddos.
but not... Bombardier isn't Chinese.
Bombardier only open their business in Canada if the Canadian government kept pumping freebie money in to function in Canada.
Already $1 billion from the Fed and 1 billion from the province of QC.
Only 3 years later, Bombardier announced moving some of its big operations to 🇲🇽 Mexico.
With a loss of 1- 3 thousand jobs after munched the FREEBIE$.
You are correct. @@tedsmart5539
The Northvolt battery plant is fucked. They can't get the chinese machines to work due to them being shit.
只要能畅销，管他是什么地方出的，姓中姓瑞不重要。孩子优秀和爹妈姓没什么关系
Jobs for the Swedish people...who fuXked it up when they didn't sell a part of Volvo to the Norwegians for some natural goods in return...and then Norway went rich. 🤣🤣🤣
Volvo was bankrupt. Geely turned Volvo around with massive investments
Volvo was not bankrupt dummy . Where did you get that from
Maybe owner Ford was about to get bankrupt, that's why they choose to sell Volvo to Geely.
No they did not :D Dummy
Northvolt is im trouble, no cash
Volvo Will make Cars in Europe also
Sweden is not even close to sell alot of EV we are down in EV sells, Sweden have now the loest price on Gasolin and Disel. in EU
Sweden is not a rich country anymore. 😊
Gee - the bots are strong in the comments section today... :(
The more we do not care where good progress come from,
the earlier we change
Northvolt seems to be run by amateurs
❤❤🎉🎉
dumping
we have rightangel goverment in sweden they helping nobody
Socialism for thr rich
In exchange for equity. If the company isn’t viable then that should count for a lot if shares.
Is it a joke ? 😂 Electric Viking is hyping EV cars and drinving Petrol Volvo. hahahah. It must be a scam.
Free swedish money only to immigrants and those who don't wanna work😂
A Chinese production equipment supplier has (allegedly) sabotaged Northvolt’s production. Viking, look it up, it will make for a good video.
Let's blame the Chinese whenever a European company is in trouble. It can't be their fault. Must be the Chinese.
It's made in China 😂
Always like Volvo but when China acquired them; I will have nothing to do with them. Same when IBM sold their PC Notebook division to Lenovo, a Chinese company.
I am sure they wouldn't miss you too.
Sold by US Ford to the Chinese. Did they ask the Swedish people if it was ok? Öf course not.
Bad deal for sweden
Sweden resident here: reason why the SEA is giving $1.2bn is because they can. No, really. The SEA is not even a big agency in Swedish terms but because of Swedish immigration policy over the last decade, Sweden's economy is growing like crazy because of the increase in Labour these immigrants bring - Sweden is export oriented and both it's exports and domestic consumption surged because of it. So now we have massive surpluses that even a smaller agency like SEA has billions looking for a home. Most successful Welfare State ever.
Let them better ask for money to buy themselves back. We used to love Volvo because they were Swedish back in those days, but they've lost themselves.
Why dont the viking do proper research? Volvo makes 250 000 cars in sweden every year.
A Chinese production equipment supplier has sabotaged Northvolt’s production. Viking, look it up, it will make for a good video.
Geely i dont understand today okay joint adventures if zeekr technology is geely with no joint ventures tell me the difference first no joint venture so in theory that profit is all yours right its The technology geely all brands doesn't zeekr technology get this plus anything they come up with because of the nature of The joint ventures and zeekr technology gets this because as they would say in the United States without this would possibly systemic risk so they can lease out the technology even their joint ventures Plus protect their own brand meaning this higher end price range cars tells me first global is there goal and its never going out of business regardless it can't The cars are built on a platform its IPO stock is down 38 % i am down Around 24% yes i understand why i am looking out 5-year because many ev companies will be gone in China this is the biggest reason a IPO in China in 2024 only one company i would risk this or it means China's uninvestable does anybody really know on this channel these questions?
Hell no. The government should never get involved.