VW to Rework $56B Battery Push on Samsung Deal Risk
bloomberg.com
bloomberg.com
Can somebody with more insight than me explain?
Further question: Are these unrelated cases? Or is there a broader market dynamic at the root of both?
- Samsung got a better offer from somebody else du to high demand - Or: The prices of raw material have increased due to high demand and Samsung needs to raise prices to be profitable.
- Volkswagen is unable or unwilling to match that higher price.
- To save face, Samsung is still delivering some of the capacity to the originally agreed-on price.
In other words, prices for batteries are rising and they are making it hard to produce EVs at the competitive prices that Volkswagen had in mind.
Let’s hope that this is a temporary situation and that supply is elastic enough to make prices fall again in the mid term.
Or else, the EV revolution is in trouble :/
On the other hand I wouldnt be surprised if Panasonic was in talks with Honda/Toyota about the future, and preparing to exit Tesla deal. Same for Samsung and Hyundai/Kia.
https://www.bloomberg.com/news/articles/2019-05-27/vw-to-res...
By the way, I know you have discretion as a moderator to change things dang, but I would hope that you try to place at least some good faith in posters. All the submissions I make are from my personal RSS newsfeed, which I've tried to prune throughout the years to build what I believe is an extremely comprehensive information portal, if perhaps somewhat biased towards the technology industry and technical engineering.
There are good reasons to do that, e.g. to be a one stop destination for news on a topic, but from aggregators like this it's preferable to link to the original source because errors are less likely to have been introduced by broken telephone, and to give credit where credit is due.
Though I would still argue that by definition, sites like Hacker News are also aggregators in the same way, so I think it's slightly disingenuous to pick on one and not the other.
IME, HN posts aren't ever a source of the content linked, only as a source of comments. Plus, HN doesn't run ads on its posts.
Lastly, evbite the-site-itself appears currently not to be...up.
Blogspam isn't a judgement that says you shouldn't read the article if you're on the blog (or read hn), it's a judgement that you shouldn't link to it on a news aggregator, or generally use it as a source.