{"id":69989,"date":"2026-04-29T07:42:10","date_gmt":"2026-04-29T07:42:10","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/69989\/"},"modified":"2026-04-29T07:42:10","modified_gmt":"2026-04-29T07:42:10","slug":"skoda-se-musi-poprve-kryt-proti-cinske-mene","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/69989\/","title":{"rendered":"\u0160koda se mus\u00ed poprv\u00e9 kr\u00fdt proti \u010d\u00ednsk\u00e9 m\u011bn\u011b"},"content":{"rendered":"

Monopol, kter\u00fd navzdory \u010detn\u00fdm snah\u00e1m konkurent\u016f ze zbytku sv\u011bta neoslabuje. I\u00a0tak lze popsat suver\u00e9nn\u00ed dominanci \u010d\u00ednsk\u00fdch a\u00a0v\u00a0men\u0161\u00ed m\u00ed\u0159e i\u00a0jihokorejsk\u00fdch v\u00fdrobc\u016f bateri\u00ed, kter\u00e9 automobilky z\u00a0cel\u00e9ho sv\u011bta instaluj\u00ed do sv\u00fdch elektrovoz\u016f. Pouh\u00e1 \u0161estice producent\u016f bateri\u00ed loni ovl\u00e1dala t\u00e9m\u011b\u0159 80procentn\u00ed pod\u00edl na glob\u00e1ln\u00edm trhu, z\u00a0toho 39\u00a0procent p\u0159ipadalo na dlouhodob\u00e9ho \u010d\u00ednsk\u00e9ho l\u00eddra CATL, vypl\u00fdv\u00e1 z\u00a0dat SNE Research<\/a>.<\/p>\n

Na dod\u00e1vk\u00e1ch akumul\u00e1tor\u016f z\u00a0jej\u00edch tov\u00e1ren je v\u00fdznamn\u011b z\u00e1visl\u00e1 mimo jin\u00e9 i\u00a0\u0160koda Auto. Mladoboleslavsk\u00e1 ikona sice \u00fasp\u011b\u0161n\u011b expanduje s\u00a0elektrovozy Enyaq a\u00a0Elroq, k\u00a0nim\u017e letos p\u0159id\u00e1 tak\u00e9 Epiq, jejich kl\u00ed\u010dov\u00e1 sou\u010d\u00e1stka, baterie, v\u0161ak st\u00e1le pov\u011bt\u0161inou poch\u00e1z\u00ed z\u00a0Asie, nikoliv z\u00a0postupn\u011b budovan\u00fdch \u201egigatov\u00e1ren\u201c mate\u0159sk\u00e9ho koncernu Volkswagen.<\/p>\n

Samotn\u00e1 z\u00e1vislost na extern\u00edch dodavatel\u00edch z\u00a0geopoliticky vzd\u00e1len\u00e9 zem\u011b p\u0159itom nen\u00ed jedinou slabinou takov\u00e9 spolupr\u00e1ce. Dal\u0161\u00ed riziko vypl\u00fdv\u00e1 z\u00a0volatiln\u00edch sm\u011bnn\u00fdch kurz\u016f, sama \u0160koda Auto ho ve v\u00fdro\u010dn\u00ed zpr\u00e1v\u011b popisuje slovem \u201ev\u00fdznamn\u00e9\u201c.<\/p>\n

\u0160koda Auto se zaji\u0161\u0165uje proti \u010d\u00ednsk\u00e9mu j\u00fcanu<\/p>\n

V dokumentuje prozrazuje, \u017ee se v\u00a0lo\u0148sk\u00e9m roce za\u010dala zaji\u0161\u0165ovat v\u016f\u010di riziku, kter\u00e9 vypl\u00fdv\u00e1 ze zm\u011bny sm\u011bnn\u00e9ho kurzu v\u00a0p\u00e1ru \u010d\u00ednsk\u00fd j\u00fcan\u2013euro<\/a>, a\u00a0to v\u00a0souvislosti s\u00a0n\u00e1kupem d\u00edl\u016f pro v\u00fdrobu bateriov\u00fdch modul\u016f. Modul se skl\u00e1d\u00e1 z\u00a0bateriov\u00fdch \u010dl\u00e1nk\u016f. Fin\u00e1ln\u00ed bateriov\u00fd syst\u00e9m, kter\u00fd se skr\u00fdv\u00e1 pod podlahou nap\u0159\u00edklad Enyaq\u016f, je tak tvo\u0159en a\u017e dvan\u00e1cti moduly.<\/p>\n

A\u017e dosud se \u0160koda zaji\u0161\u0165ovala p\u0159edev\u0161\u00edm v\u016f\u010di v\u00fdkyv\u016fm kurz\u016f eura k\u00a0\u010desk\u00e9 a\u00a0\u0161v\u00e9dsk\u00e9 korun\u011b, britsk\u00e9 lib\u0159e, polsk\u00e9mu zlot\u00e9mu a\u00a0\u0161v\u00fdcarsk\u00e9mu franku. \u201e\u00da\u010delem vyu\u017e\u00edv\u00e1n\u00ed zaji\u0161\u0165ovac\u00edch n\u00e1stroj\u016f je \u0159\u00edzen\u00ed kurzov\u00fdch a\u00a0komoditn\u00edch rizik spojen\u00fdch s\u00a0v\u00fdkyvy m\u011bnov\u00fdch kurz\u016f a\u00a0cen komodit v\u00a0provozn\u00ed \u010dinnosti, nikoli ke spekulac\u00edm,\u201c \u0159\u00edk\u00e1 mluv\u010d\u00ed automobilky Ivana Povoln\u00e1.<\/p>\n

Zaji\u0161\u0165ovac\u00ed n\u00e1stroje, \u0160koda konkr\u00e9tn\u011b vyu\u017e\u00edv\u00e1 takzvan\u00e9 m\u011bnov\u00e9 forwardy, maj\u00ed datum vypo\u0159\u00e1d\u00e1n\u00ed v\u00a0horizontu n\u011bkolika let. T\u00edm \u0160koda zd\u016fvod\u0148uje neodpov\u011bzen\u00ed na ot\u00e1zku, jak\u00e9 o\u010dek\u00e1v\u00e1 n\u00e1klady na zaji\u0161t\u011bn\u00ed kurzu.<\/p>\n

\u201eKone\u010dn\u00fd dopad do v\u00fdsledku hospoda\u0159en\u00ed bude zn\u00e1m a\u017e v\u00a0okam\u017eiku skute\u010dn\u00e9ho vypo\u0159\u00e1d\u00e1n\u00ed. Efekt tak nelze k\u00a0datu z\u00e1v\u011brky p\u0159edj\u00edmat, z\u00e1vis\u00ed na budouc\u00edm v\u00fdvoji tr\u017en\u00edch kurz\u016f a\u00a0cen komodit,\u201c dod\u00e1v\u00e1 Povoln\u00e1. V\u00a0jak\u00e9m \u0159\u00e1du se pohybuj\u00ed n\u00e1klady na n\u00e1kup bateri\u00ed od \u010d\u00ednsk\u00fdch dodavatel\u016f, \u0160koda nezodpov\u011bd\u011bla. Faktem z\u016fst\u00e1v\u00e1, \u017ee ka\u017ed\u00e9 \u010dtvrt\u00e9 auto, kter\u00e9 loni prodala v\u00a0Evrop\u011b, bylo elektrifikovan\u00e9, tedy bu\u010f \u010dist\u011b elektrick\u00e9, p\u0159\u00edpadn\u011b plug-in hybridn\u00ed.<\/p>\n

V\u00fdroba b\u011b\u017en\u00e9ho osobn\u00edho automobilu, kter\u00fd se v\u00a0p\u0159\u00edpad\u011b spalovac\u00edho \u00fastroj\u00ed skl\u00e1d\u00e1 obvykle ze 20 a\u017e 30\u00a0tis\u00edc sou\u010d\u00e1stek, p\u0159edstavuje nanejv\u00fd\u0161 komplexn\u00ed a\u00a0slo\u017eit\u00fd proces, p\u0159i n\u011bm\u017e se automobilky dlouhodob\u011b pot\u00fdkaj\u00ed s riziky, kter\u00e1 vych\u00e1zej\u00ed ze sm\u011bnn\u00fdch kurz\u016f. V\u00a0p\u0159\u00edpad\u011b \u010dist\u011b elektrick\u00fdch voz\u016f je v\u0161ak riziko o\u00a0to v\u011bt\u0161\u00ed, \u017ee baterie tvo\u0159\u00ed 30 a\u017e 40\u00a0procent n\u00e1klad\u016f na jejich v\u00fdrobu, cena baterie se pohybuje ve stovk\u00e1ch tis\u00edc korun. I\u00a0nepatrn\u00fd v\u00fdkyv sm\u011bnn\u00e9ho kurzu tak m\u016f\u017ee p\u0159edstavovat citeln\u00e9 n\u00e1klady.<\/p>\n

Kl\u00ed\u010dov\u00e9 sou\u010d\u00e1stky nakupuje \u0160koda od asijsk\u00fdch dodavatel\u016f, z\u00a0nich pak v\u00a0Mlad\u00e9 Boleslavi montuje fin\u00e1ln\u00ed bateriov\u00fd syst\u00e9m. Jen loni jich zkompletovala p\u0159es 329\u00a0tis\u00edc, a\u00a0to jak pro sv\u00e9 pot\u0159eby, tak i\u00a0pro koncernov\u00e9 zna\u010dky v\u00a0N\u011bmecku. \u201eAutomobilky si na sebe u\u0161ily nov\u00e9 riziko. Vytvo\u0159ily si ho vystaven\u00edm se v\u016f\u010di kol\u00eds\u00e1n\u00ed \u010d\u00ednsk\u00e9ho j\u00fcanu, nehraj\u00ed si u\u017e pouze na zab\u011bhl\u00e9m p\u00edse\u010dku v\u00a0euroz\u00f3n\u011b,\u201c \u0159\u00edk\u00e1 dealer finan\u010dn\u00edch trh\u016f zv\u010cSOB Josef Je\u0159icha.<\/p>\n

\u201e\u010c\u00edn\u0161t\u00ed dodavatel\u00e9 si cht\u011bj\u00ed nechat platit v\u00a0\u010d\u00ednsk\u00e9 m\u011bn\u011b, co\u017e hezky zapad\u00e1 do strategie \u010c\u00edny coby velmoci. Chce svou m\u011bnu \u0161\u00ed\u0159it do sv\u011bta, a\u0165 u\u017e na \u00farovni finan\u010dn\u00edho trhu, nebo mezin\u00e1rodn\u00edho obchodu. \u010c\u00ednsk\u00e1 centr\u00e1ln\u00ed banka dr\u017e\u00ed m\u011bnu v\u00a0ur\u010dit\u00e9m p\u00e1smu, o\u00a0to je riziko men\u0161\u00ed. Banka nechce, aby j\u00fcan posiloval, za\u010dala by intervenovat. P\u0159esto m\u016f\u017ee doch\u00e1zet k\u00a0men\u0161\u00edm v\u00fdkyv\u016fm kurzu a\u00a0v\u016f\u010di tomu se chce \u0160koda evidentn\u011b pojistit,\u201c m\u00edn\u00ed makroekonom a\u00a0hlavn\u00ed ekonom Portu Jan Berka.<\/p>\n

Dod\u00e1v\u00e1, \u017ee by si \u0160koda mohla zaplatit za zaji\u0161t\u011bn\u00ed \u010desk\u00e9 koruny v\u016f\u010di j\u00fcanu, vzhledem k\u00a0minim\u00e1ln\u00ed likvidit\u011b v\u00a0tomto m\u011bnov\u00e9m p\u00e1ru by v\u0161ak takov\u00e9 zaji\u0161t\u011bn\u00ed bylo mnohem dra\u017e\u0161\u00ed ne\u017e v\u00a0p\u0159\u00edpad\u011b euro\u2013j\u00fcan. V\u00a0tomto p\u0159\u00edpad\u011b plat\u00ed rovnice: \u010d\u00edm exoti\u010dt\u011bj\u0161\u00ed m\u011bnov\u00fd p\u00e1r, kter\u00fd je t\u00edm p\u00e1dem m\u00e9n\u011b obchodovan\u00fd, t\u00edm dra\u017e\u0161\u00ed zaji\u0161t\u011bn\u00ed. \u201ePro \u0160kodu to nen\u00ed probl\u00e9m, proto\u017ee m\u00e1 spoustu p\u0159\u00edjm\u016f v\u00a0eurech. Za n\u011b nakoup\u00ed j\u00fcany v\u00a0zafixovan\u00e9m kurzu a\u00a0za n\u011b bateriov\u00e9 moduly,\u201c dod\u00e1v\u00e1 Berka. Ot\u00e1zkou z\u016fst\u00e1v\u00e1, jakou cenu za zaji\u0161t\u011bn\u00ed zaplat\u00ed.<\/p>\n

Koncern Volkswagen a\u00a0gigatov\u00e1rny<\/p>\n

Dosavadn\u00ed evropsk\u00e9 pokusy o\u00a0vybudov\u00e1n\u00ed dom\u00e1c\u00edch v\u00fdrobc\u016f bateri\u00ed, kte\u0159\u00ed by obst\u00e1li v\u00a0n\u00e1ro\u010dn\u00e9 konkurenci asijsk\u00fdch gigant\u016f, pov\u011bt\u0161inou neusp\u011bly. Nebo dokonce zbankrotovaly, co\u017e je p\u0159\u00edpad \u0161v\u00e9dsk\u00e9ho Northvoltu, o\u00a0n\u011bm\u017e se hovo\u0159ilo jako o\u00a0hlavn\u00edm symbolu evropsk\u00fdch snah vzdorovat \u010d\u00ednsk\u00e9 dominanci.<\/p>\n

V dob\u011b nejv\u011bt\u0161\u00edho rozmachu m\u011bl nasmlouvan\u00e9 objedn\u00e1vky v\u00a0hodnot\u011b p\u0159es 50\u00a0miliard dolar\u016f, mimo jin\u00e9 od Volkswagenu \u010di BMW. Tedy od zna\u010dek, kter\u00e9 z\u00e1rove\u0148 investovaly zna\u010dn\u00e9 prost\u0159edky do samotn\u00e9ho Northvoltu. Ten se v\u0161ak zapsal jako jeden z\u00a0nejv\u011bt\u0161\u00edch firemn\u00edch kolaps\u016f v\u00a0historii \u0160v\u00e9dska. Loni ho odkoupil americk\u00fd v\u00fdrobce Lyten.<\/p>\n

Evropsk\u00e9 automobilky tak i\u00a0nad\u00e1le nemaj\u00ed p\u0159\u00edli\u0161 na v\u00fdb\u011br a\u00a0baterie nakupuj\u00ed z\u00a0Asie. Postupn\u011b v\u0161ak investuj\u00ed des\u00edtky miliard eur do vybudov\u00e1n\u00ed vlastn\u00edch tov\u00e1ren, co\u017e plat\u00ed pro oba nejv\u011bt\u0161\u00ed koncerny Volkswagen i\u00a0Stellantis. \u201eBateriov\u00e9 \u010dl\u00e1nky budeme zdrojovat vlastn\u00edmi silami i\u00a0zven\u010d\u00ed. Nebudou je nakupovat jednotliv\u00e9 koncernov\u00e9 zna\u010dky zvl\u00e1\u0161\u0165, ale skupina jako celek, a\u00a0to za jednotnou cenu,\u201c rozkryl strategii koncernu VW \u0161\u00e9f \u0160kody Klaus Zellmer v\u00a0rozhovoru pro e15<\/a>.<\/p>\n

V bl\u00edzk\u00e9 budoucnosti chce koncern vyr\u00e1b\u011bt alespo\u0148 polovinu baterek po vlastn\u00ed ose a\u00a0polovinu nakupovat. A\u00a0to i\u00a0v\u00a0p\u0159\u00edpad\u011b, \u017ee by byly baterie \u201emade in Volkswagen\u201c dra\u017e\u0161\u00ed ne\u017e ty pov\u011bt\u0161inou asijsk\u00e9.<\/p>\n

\u201eSni\u017eov\u00e1n\u00ed z\u00e1vislosti je pro n\u00e1s toti\u017e d\u016fle\u017eit\u011bj\u0161\u00ed ne\u017e o\u00a0p\u00e1r procent vy\u0161\u0161\u00ed n\u00e1klady na zhotoven\u00ed baterie. Je to strategick\u00e9 rozhodnut\u00ed. Asi si pamatujete pades\u00e1t tis\u00edc nedod\u011blan\u00fdch \u0161kodovek zaparkovan\u00fdch na poli b\u011bhem \u010dipov\u00e9 krize. Ta n\u00e1m dala cennou lekci. Nem\u016f\u017eeme z\u00e1viset na jednom dodavateli. Ziskovost m\u016f\u017eeme kompenzovat v\u00a0jin\u00fdch \u010d\u00e1stech vozu,\u201c uvedl Zellmer<\/a>, pod jeho\u017e veden\u00edm \u0160koda loni nav\u00fd\u0161ila provozn\u00ed zisk o\u00a08,5\u00a0procenta na rekordn\u00edch 2,5\u00a0miliardy eur.<\/p>\n","protected":false},"excerpt":{"rendered":"Monopol, kter\u00fd navzdory \u010detn\u00fdm snah\u00e1m konkurent\u016f ze zbytku sv\u011bta neoslabuje. I\u00a0tak lze popsat suver\u00e9nn\u00ed dominanci \u010d\u00ednsk\u00fdch a\u00a0v\u00a0men\u0161\u00ed m\u00ed\u0159e…\n","protected":false},"author":2,"featured_media":69990,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[2074,1102,67,68,202,2075,6249,6248,6250,5198,23299,8814,592,317],"class_list":{"0":"post-69989","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-automobily","9":"tag-baterie","10":"tag-business","11":"tag-byznys","12":"tag-cina","13":"tag-elektromobily","14":"tag-elroq","15":"tag-enyaq","16":"tag-epiq","17":"tag-euro","18":"tag-juan","19":"tag-koncern-volkswagen","20":"tag-prumysl","21":"tag-skoda-auto"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116486874448775682","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/69989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=69989"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/69989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/69990"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=69989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=69989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=69989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}