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CATL – XtremeCuztoms

Tag: CATL

Lawmakers Seek Review of Ford’s Agreement With Chinese Battery Maker

U.S. lawmakers are seeking to review the license agreement between Ford Motor and a Chinese battery maker. They are concerned that the deal will facilitate China’s global dominance in electric vehicle battery technology with American taxpayers’ money and increase America’s reliance on Chinese critical raw materials. According to the lawmakers, the Chinese battery maker’s supply…


Opposition Mounts Against Ford’s EV Battery Plant Using Chinese Tech

Politicians and local residents have voiced opposition to Ford’s new electric vehicle (EV) battery plant in Michigan over its links to China. Last month, Ford announced it was building a battery park in Marshall, a small township 100 miles west of Detroit, under a licensing agreement with Chinese firm Contemporary Amperex Technology Co. Ltd. (CATL),…


Rubio Introduces Bill to Block EV Tax Credits to Ford’s Plant Using Chinese Technology

U.S. Sen. Marco Rubio (R-Fla.), the top Republican on the Senate Intelligence Committee, introduced a bill on Thursday to block subsidies to Chinese battery companies. If enacted, Ford’s new electric vehicle battery plant that licenses a Chinese battery maker’s technology will not qualify for the EV tax credits appropriated in the Inflation Reduction Act (IRA)….


Michigan State Legislators Reject Tax Benefits to Ford’s New Battery Plant

MARSHALL, Mich.—Michigan House Freedom Caucus held a press conference on Saturday to object to using taxpayer dollars to fund the new Ford electric vehicle battery plant. Two days ago, the state appropriated $630 million for the project that sees Ford partnered with a Chinese EV battery maker with ties to the Chinese Communist Party (CCP)….


Michigan Locals Say ‘No’ to Ford’s EV Battery Plant with Chinese Partner

Michigan locals are mounting resistance against Ford’s new battery plant partnered with a Chinese company. The factory will be owned by Ford through a wholly-owned subsidiary without foreign investment; Chinese EV battery maker Contemporary Amperex Technology Co. Ltd. (CATL) will provide the battery technology, some equipment, and Chinese workers. The plant is expected to start…


Ford’s Deal With Chinese EV Battery Maker Sparks Security Concerns

Ford’s new deal with a Chinese electric vehicle (EV) battery manufacturer has triggered bipartisan concern over economic and national security risks. The iconic American automaker on Feb. 13 announced that a new $3.5 billion plant will be built in Marshall, Michigan, 100 miles west of Detroit, to produce lithium-iron-phosphate batteries, better known as LFP, a…


Virginia Gov. Youngkin Responds to Criticism Over China-Partnered Ford Plant Decision

Republican Gov. Glenn Youngkin’s removal of Virginia for consideration for automaker Ford’s new battery plant has come under fire from Democrats, who said that a $3.5 billion Ford battery manufacturing plant would have created over 2,500 jobs in southern Virginia while questioning whether the national security concern over Ford’s China-based partner was legitimate. On Tuesday,…


Youngkin Blocked Ford Battery Plant over China Concerns

Virginia Republican Governor Glenn Youngkin does not want his state to participate in the Ford Motor Co. request to build a battery manufacturing plant due to national security concerns associated with China. The automaker has an ongoing agreement with a Chinese company. “We felt that the right thing to do was to not recruit Ford…


Biden’s Push for Electric Vehicles Will Benefit China: House Republicans

The Chinese Communist Party will likely become the beneficiary of President Joe Biden’s push to fill U.S. streets with electric vehicles, according to 16 Republicans on the House Oversight Committee. The lawmakers, led by the committee’s ranking member Rep. James Comer (R-Ky.) and Rep. Andy Biggs (R-Ariz.), sounded the warning in a letter (pdf) to…


Partial Resumption of Work in China’s Locked-Down Cities Cannot Break the Supply Chain Bottlenecks: Analyst

Tesla’s first-quarter 2022 profit hit a record high; but on releasing the results, Tesla also said that the COVID-19 pandemic has brought significant pressure on the company’s supply chain and factory operations. At present, only a fraction of its companies in certain regions in China have resumed work. Experts in China’s industrial economy research admit…