The Duran
Politics • News • Investing & Finance
The Duran is a news-media platform that advances a realpolitik position The Duran is not right, left or center. It is a media site that focuses on a pragmatic analysis of stories in the news.
Interested? Want to learn more about the community?

Super startup Northvolt, the West's last hope for "Showing the Chinese How to Make Batteries", succumbed to bankruptcy.

The documents say that as of Thursday morning, the company has $ 30 million in accounts and in cash, which, literally, "will not be enough for operational activities for the next week." And yes, they invested 15 billion dollars there. Among investors: Volkswagen, Goldman Sachs and BlackRock, plus government subsidies from Germany and Canada.

They screwed up everything - overestimated their abilities and potential, believed the unrealistic promises "we are about to develop technologies and tear everyone up" (see "fake it until you make it" ), the management was slow and rigid, and the graft, apparently was off the charts.

They had so many hopes. "Yes, the Swedes! Let them crush the Chinese! Yes, Swedes are the real technological giant! Yes, investments! Yes, Scandinavian quality! Yes, the Chinese are doomed!"
Yeah, that's right...

The question "What happened to the Elon Musk's fairy-tale factory, which was positioned to produce 40% of the world's batteries?" has not been asked for a while. Now the time has come to say good-bye to the 'Nordic volt" as well.

post photo preview
Interested? Want to learn more about the community?
What else you may like…
Videos
Podcasts
Posts
Articles
Ukraine Loses Black Sea Ports and Air Defense Options

Ukraine Loses Black Sea Ports and Air Defense Options

00:47:00
Russia Smashes Key Zaporozhzhie Dnieper Bridge; Starts Surrounding Kramatorsk; Kiev Protests Resume

Russia Smashes Key Zaporozhzhie Dnieper Bridge; Starts Surrounding Kramatorsk; Kiev Protests Resume

01:19:27
Ukraine War on Wildberries, Russia Smashes Steel Industry. Ballistic Missile Escalation

Ukraine War on Wildberries, Russia Smashes Steel Industry. Ballistic Missile Escalation

00:33:42

I remember saying some weeks back that this is how they keep the actual death count numbers from getting out. They make families sign NDAs to keep them from talking or they won’t get survivors benefits. And now he’s doing it publicly. The man is ABSOLUTE scum!

https://x.com/radarresist/status/2089498805037142154?s=46

Dnipro, 18 August, morning

Big changes here in Dnipro. Businesses closing down faster than I have ever seen. Protests now in most major cities, being reported as pro federov but this isn't true, they are people and businesses protesting about economic conditions, lack of labour, an inability to get products imported without paying huge bribes and many companies just closing as they can see the writing on the wall as winter approaches. People are scrambling now, food stocks and other supermarket goods are starting to run low in some stores, and constant attacks against Nova Poshta are devastating e-commerce.

For the first time today I saw humanitarian trucks giving out food and clothing in Dnipro. They won't start distributing till 10, but already a crowd of people. Unthinkable even 6 months ago.

Fuel strikes are causing supply issues outside the main city areas, and people are planning to leave. I know of one group of 40 or so men who crossed the Tysa River into Romania last week, am told more ...

post photo preview
June 17, 2024
post photo preview
A quick commentary on the "Piss Summit"
I might not be able to upload much more or do lives for a while

My Fellow Duranianss.

Yes, it's happened again. I have been assaulted by a vicious Malware Bot Virus or whatever 911 Socks is and this thing is bad ! 

However I wanted to give you a "peace" of my mind concerning the "Piece" or piss, as Elensky calls it, as this thing fell to pieces before it even happened.

Coincidentally on the very SAME DAY  this crap happened Saudi Arabia DROPPED the US Petrodollar as a buying currency and NO ONE absolutely NO ONE is talking about this fact anywhere !!!

 

Hope to see you all asap.

 

Read full Article
September 29, 2023
Locals Community Private Telegram Messaging

Locals will be sunsetting the private messaging feature throughout the Locals website. In order to keep our private messaging active we have created a private Telegram messaging group called 'The Duran Locals.'

This is a private channel open only to our Locals subscriber community. In the private Telegram group you can send a message to the group or a private message to Alex or Alexander via a direct Telegram message. 

You can access Telegram for web, desktop or mobile here: https://telegram.org/

The link for this Telegram group is below (can be viewed by community subscribers).

Only for Supporters
To read the rest of this article and access other paid content, you must be a supporter
Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals