That's Rich: China Wary Of Ford's $3.5B Michigan Battery Factory With CATL | Carscoops carscoops
, unnamed sources claimed that senior Chinese leaders have asked for extra scrutiny on the deal and that findings will be presented to members of the country’s top leadership. It is understood that China is keeping an extra close eye on the deal because of its significance and because of how it could impact U.S.-China relations.
have not commented on the reports but Ford said it is “not aware of any outreach by Chinese government officials on this matter.”adds that there is concern that the deal between Ford and CATL provides a template for how American car manufacturers can benefit from local tax advantages while using Chinese battery technology. Virginia’s Governor recently pulled the state out of contention for Ford’s factory, claiming that it was a “Trojan horse” for the Chinese communist party.
Ford says using LFP battery technology will allow it to produce more EVs at a lower overall cost. It also asserts that these batteries can “withstand more frequent and faster charging while using fewer high-demand, high-cost materials.”
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