here at home is much better than continuing to rely exclusively on foreign imports, like other auto companies do. A wholly owned Ford subsidiary alone will build, own and operate this plant. No other entity will get U.S. tax dollars for this project."Rubio called for an immediate Committee on Foreign Investment in the United States review of the licensing agreement between Ford and CATL.
CFIUS is a U.S. Treasury-led interagency panel that reviews proposed transactions to ensure they do not harm national security.
I guess no one in America is smart enough to build a battery so ford has to go to china for their tech.
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Rubio takes aim at planned Ford US battery plant using Chinese technologyU.S. Senator Marco Rubio on Thursday introduced legislation that takes aim at Ford Motor's deal to use technology from Chinese battery company CATL as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan. Ultimately we should be striving for that to be US Tech, but especially not Chinese. Do like the Chinese. Steal the technology and make the product domestically. Funny..Rubio talks the same talking point as Xi..both are incredibly annoyed by this sharing of CATL battery technological expertise with Ford..but the difference is without Ford, CATL will still be world’s biggest battery maker but without CATL Ford won’t be able to scale up EVs
Source: Reuters - 🏆 2. / 97 Read more »