CERAWEEK-US Sen Joe Manchin opposes Ford partnership with Chinese battery maker

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HOUSTON : U.S. Senator Joe Manchin on Friday said he opposed allowing tax dollars that finance electric vehicle purchases to go to Chinese battery maker CATL through its partnership with U.S. automaker Ford Motor Co. A 12 per cent royalty that is included in the Ford-CATL partnership would send $900 of th

HOUSTON : U.S. Senator Joe Manchin on Friday said he opposed allowing tax dollars that finance electric vehicle purchases to go to Chinese battery maker CATL through its partnership with U.S. automaker Ford Motor Co.

The U.S. should not be assisting Chinese companies through its Inflation Reduction Act funds designed to develop a domestic EV battery industry, he said. CATL's advanced and low-cost batteries could be reverse-engineered, he said, arguing the technology may have originated in the U.S.It was the first time that Manchin raised an objection to the Ford-CATL licensing agreement. He did not say whether he would seek to prevent Ford from accessing IRA funding for its battery development operations.

 

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US Sen Joe Manchin opposes Ford partnership with Chinese battery makerHOUSTON : U.S. Senator Joe Manchin on Friday said he opposed allowing tax dollars that finance electric vehicle purchases to go to Chinese battery maker CATL through its partnership with U.S. automaker Ford Motor Co. A 12 per cent royalty that is included the Ford-CATL partership would send $900 of the $7
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