Youngkin removed the state from consideration for a proposed plant from a joint venture between Ford and CATL.
The Republican governor, who is considered to be a possible 2024 presidential candidate, defended his decision to remove his state from consideration for the proposed plant, a joint venture between Ford and Contemporary Amperex Technology Co. Ltd., also known as CATL.
He also said that vying for the plant would have undermined the premise of recently passed legislation championed by’s administration. That law, known as the Inflation Reduction Act, directs subsidies for EVs and batteries made in North America to wean the US off its dependence on China for battery materials.
The proposed plant, which Michigan and other states have also vied for, is part of a wave of investment by automakers and battery manufacturers. They are spending billions of dollars — and receiving billions more in state and federal subsidies — as part of a transition from gasoline-powered vehicles to EVs.
Asked about a similar accusation from Youngkin on Jan. 18, Ford declined to directly respond and instead said in a statement: “Our talks with CATL continue — and we have nothing new to announce.”Youngkin said he would be open to working with Ford on future opportunities, as long as they do not also involve CATL. He has expressed regrets about missing out on other major factory deals in recent months.
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