Northvolt in the crisis: tax money in danger - what happens now!
Northvolt in the crisis: tax money in danger - what happens now!
In the Schleswig-Holstein economic landscape, the bankruptcy of the Swedish battery manufacturer Northvolt causes considerable a stir. Over 600 million euros in tax money was provided by a convertible bond to support the construction of the location. A PWC report from 2023 shows a positive assessment of the economic situation of Northvolt, but the future of the entire company is still unclear. According to NDR , the likelihood of a complete repayment of the change bond is 86 percent, while the risk of non-back payment is under 1 percent is.
But how safe is this optimism? PWC had identified a robust customer base, including well -known companies such as Audi, BMW and VW, but also found some warning signals in the report. This is how PWC missed critical data and pointed out that Northvolt depends heavily on external investors. The company's ambitions are clear: Northvolt is aiming to advance to the ten largest battery cell providers worldwide in the next three to four years. In view of an increasingly competitive market, in particular by Asian providers, it remains to be seen whether this can succeed.
The pressure on the state government is growing
The Schleswig-Holstein state government is now under pressure, because the opposition sees the decision to support Northvolt critically. The SPD's economic policy spokesman rated the basis for the decision as weak and emphasized that the information on the guarantee was thin. The state government, on the other hand, welcomes the publication of the PWC report, which shows a low risk assessment. The Bundestag budget committee is now also intensively concerned with the millions of euros in tax money that have already flowed. capital reports on a takeover of northvolt, which represent a rapids for the region could.
The bankruptcy of Northvolt, officially registered in March, also brings uncertainties. While the country is hoping for a takeover of the Northvolt site, the future of the factory at Heide under construction is anything but safe. Economic Minister of the State Government emphasizes that patience is required in this situation.
measures to strengthen the battery market
In the meantime, the European battery market shows promising growth data. A study from 2023 certifies the market an average annual growth rate of 13.44 %. The demand for lithium-ion batteries increases significantly, especially due to the boom in the automotive industry and the increasing spread of electric vehicles. However, challenges are also lurking here, such as the mismatch between demand and supply for the required raw materials. Industry experts see great opportunities, especially in the area of renewable energies and logistics to build sustainable and future-proof battery production. the numbers of the newly approved electric vehicles have a considerable potential.
The developments related to Northvolt are still closely observed, not only by regional actors, but also by the entire industry. With a non-binding takeover offer and a look at a sustainable battery factory in Schleswig-Holstein, it remains exciting how this story will continue to develop.
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Ort | Heide, Deutschland |
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