Report
Ford stands by Michigan battery plant using CATL technology after call to cut reliance on Chinese tech
Caixin Global says Ford CEO Jim Farley called for a balance between protecting the U.S. industrial base and leveling the playing field as Chinese rivals expand.
TLDR
Caixin Global reports that Ford is standing by its Michigan battery plant, which uses technology licensed from Chinese battery giant CATL, after the Transportation Department urged the automaker to cut its reliance on Chinese tech. CEO Jim Farley said a balance is needed between protecting the U.S. industrial base and leveling the playing field as Chinese rivals expand.
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