RE: Plzen Gigafactory Volkswagen27 Feb 2023 14:44
I think this part of the article is the most important one.
Benefits
Why is the Gigafactory important?
The automotive industry is one of the foundations of Czech industry. It generates 10% of Czech GDP, 25% of exports and employs 180,000 people. Without its transformation, up to 37,000 jobs would be at risk, and the budget would lose 128 billion crowns in revenue. The location of the Gigafactory in the Czech Republic will enable the localization of the complete battery chain (lithium mining - battery production - electric car production - battery recycling) on ??our territory and will give the Czech Republic a fundamental competitive advantage
On the contrary, if the Czech Republic, and thus Europe, did not respond to American and Chinese subsidies in this sector, its economy would become uncompetitive.