German battery maker Varta files insolvency applications
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Re: German battery maker Varta files insolvency applications
#2FTA - They lost Apple as their main customer. Apple is switching to Chinese battery manufactures.
Re: German battery maker Varta files insolvency applications
#3> Varta lost its key customer in the spring: Apple plans to source the rechargeable "CoinPower" button cells for its AirPods headphones from China in the future.
It's another tough loss for German and European industry. Battery tech requires a lot of electricity and German energy prices are simply not competitive. And EU regulations limit how much the German government can subsidize industrial electricity costs.
Lots of debt, expensive labor, expensive energy, and EU Battery Regulation and limits on subsidies all adds up to just losing the business completely to China.
Re: German battery maker Varta files insolvency applications
#4I only encountered this brand when trying to buy batteries for old cameras. It would be a shame if some of those less common varieties were no longer available.
Re: German battery maker Varta files insolvency applications
#5Rip German industry.
Gerhard Schroeder was a good Chancellor.
Re: German battery maker Varta files insolvency applications
#6> Varta lost its key customer in the spring: Apple plans to source the rechargeable "CoinPower" button cells for its AirPods headphones from China in the future. It's another tough loss for German and European industry. Battery tech requires a lot of electricity and German energy prices are simply not competitive. And EU regulations limit how much the German government can subsidize industrial electricity costs. Lots…
The assumption that Europeans can just absorb high energy prices is crazy. Ought to be a national imperative to invest in infrastructure to lower prices.
Re: German battery maker Varta files insolvency applications
#7I only encountered this brand when trying to buy batteries for old cameras. It would be a shame if some of those less common varieties were no longer available.
I find it regularly when buying car batteries (the regular 12V ones), and in fact I bought one for a friend just a couple weeks ago.
They're kinda popular at least around Europe.
edit: I just remembered when I worked on TV production some years ago, and they bought big boxes of the "Industrial" variety of AA cells for the wireless mics and in ears.
Re: German battery maker Varta files insolvency applications
#8Rip German industry. Gerhard Schroeder was a good Chancellor.
Schroeder lobbied for Germany to remain dependent on Russian gas. Huge net negative in the long run.
Re: German battery maker Varta files insolvency applications
#9> Varta lost its key customer in the spring: Apple plans to source the rechargeable "CoinPower" button cells for its AirPods headphones from China in the future. It's another tough loss for German and European industry. Battery tech requires a lot of electricity and German energy prices are simply not competitive. And EU regulations limit how much the German government can subsidize industrial electricity costs. Lots…
You forgot the new US tarrif because of "forced labor"! At least in China things are much better on labor side!
Sorry couldn't resist....
Re: German battery maker Varta files insolvency applications
#10The sentiment seems to be that this is unique to Germany but is there any country that can rival China in manufacturing?