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According to IEA[1] most capacity in Europe is from South Korean companies. [1] https://www.iea.org/data-and-statistics/charts/share-of-manufacturing-capacity-
by paulmist 4mo ago
According to IEA[1] most capacity in Europe is from South Korean companies.
[1] https://www.iea.org/data-and-statistics/charts/share-of-manufacturing-capacity-by-battery-producers-domicile-2024-2030 https://www.iea.org/data-and-statistics/charts/share-of-manu...
- JumpCrisscross 4mo agoStill physically in Europe. That’s mostly what counts.
- throwaway85825 4mo agoNot exactly. Most of the people who work on site at semi conductor fabs actually work in the office building next door. Batteries are similar.
- JumpCrisscross 4mo agoThat doesn’t change that the fab is physically in Europe. Not Korea. That’s what matters. Not whose name is on the paperwork.
- usrnm 4mo agoNot really? The questin is, if South Korea stops all cooperation with the EU tomorrow, will that fab continue to be operational? If the answer is "no", then it matters. It matters a lot
- toomuchtodo 4mo agoYou walk in, as the EU, and assume control of the facility, by force if needed. The value is that the capacity exists within the bounds of your nation state control. China knows this, developed countries that lost their manufacturing capacity are relearning this.
- to11mtm 4mo ago...errrr.... I think the EU performing such an action is outside the Overton window, at least for now... China does know that but they knew how to make the deal palatable enough for auto manufacturers (other companies too, but this one IMO is a big factor in the grand scheme[0]) to all sell out one way or another for a stake in the pie, be it cheaper manufacturing or accessing that market. Developed countries are re-learning it but are struggling with paying the piper. By that I mean, a lot of manufacturing, especially technology based, can be dirty as heck. Doing certain widgets results in environmental costs that have to be managed or externalized[1]. [0] - I posit, that Auto manufacturers probably keep a lot of documentation around, but also have a lot of history of 'good ideas' being killed by business politics one way or another. You can glean a -lot- of manufacturing tribal knowledge being able to access any existing or new incoming data on that set of signals. [1] - No, we should not externalize, to be clear.
- mjmas 4mo agoThe UK did just recently do that for a Chinese-owned steel mill.
- nomel 4mo agoThere are ~500 steel mills in Europe. 6 in the UK alone.
- anakaine 4mo agoThat doesnt make the action any less meaningful, and perhaps suggest it was done with caution, prudence and forethought.
- nomel 4mo agoI should have made my point more clear: There's an established base of steel mills in Europe. Take one over, and your local talent pool can probably keep it running. There's less risk.
- embedding-shape 4mo agoIf it does go both ways (say "EU stops all cooperation") and the effects are the same, and no one wants the factory to actually shut down, does something start to matter more/less then?
- mmooss 4mo ago> if South Korea stops all cooperation with the EU tomorrow That doesn't happen between democracies and hasn't for generations, except for one democracy recently. I don't know that it happens between any significant economies, outside of wars (when and where has it happened?), except one recently. Trade is reliable, despite the nationalist attempt to use FUD. That's how countries get access to the best products and sell their best products.
- holmesworcester 4mo agoIt does introduce a dependency on South Korea's ability to defend its democracy, though.
- mmooss 4mo agoThe plant will keep running regardless of events on the other side of Eurasia - during a war South Korea would want the revenue, especially from a locale safe from attack. If SK lost - an awful outcome - it wouldn't be sudden.
- throwaway85825 4mo agoIt was very funny watching the South Korean legislators holding off the Korean seals by barricading the doors with chairs.
- cycomanic 4mo agoBut by that argument the EU holds all the cards because nobody can do what ASML can do. So everyone is dependent on the EU.
- dnautics 4mo ago> "except one recently" russia and {ukraine, georgia, etc}?
- mmooss 4mo agoAssuming we're talking about all countries, not only democracies: I qualified it with, 'short of war', which excludes Russia. That leaves only one that I know of.
- twoodfin 4mo agoThis is fan fiction. The reason it matters is as a proof point that the farrago of EU regulation, labor markets, supply chains, trade policy, … is adequate to support battery production at scale.
- dindunuf 4mo agogreat many things from the past 10 years would've been fan fiction, conspiracy theories, and slippery slope fallacies 20 years ago. for better or worse, this boring dystopia is not yet the end of history.
- jdnfnfnfn 4mo ago[dead]
- fakedang 4mo agoDoesn't matter if it's humans or robots, as long as they're producing batteries within reasonably stringent environmental constraints. That being said, extremely disappointing that the world's most populous country can't be arsed to maximize battery output. They don't seem to be anywhere in the rankings.
- bauldursdev 4mo agoUnless by next door you mean a different continent I think they'd still be in Europe. Although there are edge cases, such as if the fab is turkey but the office managing it is in a neighboring central Asian country.
- dyauspitr 4mo agoI disagree. If the majority of workers aren’t European and the supply chain comes directly from Asia then the local ecosystem is not developed and if the Asian company pulls out there is no way to keep doing it locally.
- llm_nerd 4mo ago[flagged]
- nozzlegear 4mo agoWhat made you jump to American exceptionalism? Their comment doesn't even mention the US. It could've been Chinese exceptionalism for all you know, which would've been more plausible since China has such crazy numbers. But honestly, why can't it just be a comment about the EU numbers without this weird jingoism attached?