Cars were also destroyed in the Russia-Ukraine war

European industry at risk Crisis in Russia And UkraineThe outcome of the war and talks between the two countries, which began yesterday, could change the world more than an epidemic, especially if the conflict continues to escalate. Dramatic human cost, already measurable in hundreds of victims, Economic impact Negative tensions between Moscow and EU countries have led to a strong embargo against the Russian economy in response to Putin’s military action, with Italy being one of the world’s largest oil and natural gas producers and exporters, despite being significantly lower than GDP. Needless to say, it could be abandoned for industrial production, which is highly dependent on it. Effect Deadly.

The car crisis has gotten worse – Lack of nightmares Raw materialsWe learn from an in-depth study Della is the best in KoreaIt is raining like a stormThe automotive industry Europe is already in the throes of a recession that lasted almost two years due to the Covid and has been exacerbated by the chronic shortage of semiconductors. The crisis in Ukraine has literally driven it away Oil prices, Which reached 100 100 per barrel for the first time in eight years. Aluminum (+ 20%) and palladium (+ 26.7%), the latter exclusive to Russia, also increased this year. Indicates that, although analysts have repeatedly said that it is too early to predict the impact of the war and how long the sanctions on the supply chain will last, it is still a long-standing concern of the Western auto industry. Cross-border value chainAnd. Symbolic is the example of Leoni, a company that favors cabling systems in Ukraine Car manufacturers Europeans: Last week it closed two of its factories in Ukraine, sending about 7,000 workers home. Meanwhile, Volkswagen has announced that it will no longer be able to keep wiring systems manufactured in Ukraine and will be closed for a few days for plants in East Germany’s Zwickau, Vibrating Hearts, electric car manufacturing and Dresden. .

Nickel, cobalt and palladium: a Russian domination – To deal with the crisis, just hours after the military action of the Russian armed forces, European carmakers who source their components from China and Eastern Europe Taskforce for Alternative Route Investigation. According to Ukraineinvest, a government agency promoting investment in Ukraine, the country has 22 foreign companies, such as Leoni, which jointly operates 38 factories for the auto industry for wiring, electronic components, seats and other products. Interruptions in the supply of raw materials and raw materials from Russia and Ukraine, therefore, could exacerbate the global shortage of semiconductors, which has already severely punished companies in the sector around the world. An example? According to JPMorgan, Russian MMC Norilsk Nickel PJSC It produces 40% of the world’s palladium, Also used in catalyst converters, as well as about 11% of global nickel production, a raw material used to make electric vehicle batteries. Russia extracts about 4% of the world’s cobalt, another key component of the saver. Transportation disruptions, which are getting worse by the day, and delays, power outages, and increased fares as airways close. A sting that will have a long-term impact on European industry.

House ban – Of these, dProhibition Part of the European automotive industry Against Moscow. Russia was the first car maker to decide to suspend delivery of new cars VolkswagenThe Land Rover And Daimler’s commercial vehicle division, which, according to the agency ReutersThe VolvoConcerned neo-hippies and their global warming, i’ll tell ya. The houses that have decided to exclude Russia from their trade network will have their fate ahead. To expand further, an inherently weak market threatens resilience. Annual sales of new cars in Russia have fluctuated between 1.4 million and 1.8 million since 2015. About half of all new cars registered in Russia in 2021 belong to Hyundai and Kia brand, Avtovaz. (An associate of Renault) and Renault-Nissan-Mitsubishi.

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