alt Hacker NewsYou walk in, as the EU, and assume control of the facility, by force if needed. The value is that the capacity exists within the bounds of your nation state control.
China knows this, developed countries that lost their manufacturing capacity are relearning this.
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...errrr....
I think the EU performing such an action is outside the Overton window, at least for now...
China does know that but they knew how to make the deal palatable enough for auto manufacturers (other companies too, but this one IMO is a big factor in the grand scheme[0]) to all sell out one way or another for a stake in the pie, be it cheaper manufacturing or accessing that market.
Developed countries are re-learning it but are struggling with paying the piper. By that I mean, a lot of manufacturing, especially technology based, can be dirty as heck. Doing certain widgets results in environmental costs that have to be managed or externalized[1].
[0] - I posit, that Auto manufacturers probably keep a lot of documentation around, but also have a lot of history of 'good ideas' being killed by business politics one way or another. You can glean a -lot- of manufacturing tribal knowledge being able to access any existing or new incoming data on that set of signals.
[1] - No, we should not externalize, to be clear.
You walk in and realize that there is nothing worthwile inside. The knowledge is gone or was never even there, all the inputs are gone, the process is in shambles, all you have is four walls and some bricked machinery. What now?
LOL, EU and the Dutch tried to pull this shit with Nexperia, it failed miserably and they reversed course fast.
The value is not in the literal buildings, the value is in the people, the managers,engineers,etc and the owners who know how to run it.
The people who are hired and organized by the korean comapny. This is litterlly the logic that collapsed venezuela's oil industry after it was seized by the state.