U.S. Senator Marco Rubio introduced a bill on Thursday that opposes Ford Motor’s deal to use technology from Chinese battery company CATL.
The senator introduced legislation that would block tax breaks for electric vehicle batteries made with Chinese technology, saying it would prevent Chinese companies from benefiting from and receiving money from the U.S. taxpayer. The fact is that in the US, subsidies and tax breaks are received by companies that use “green” technologies.
*This material was created by a person who has the status of a foreign agent in the Russian Federation.
In its defense, Ford stated that “producing these batteries at home is much better than relying solely on imports, as other auto companies do.” Only a wholly owned subsidiary of Ford will build, own and operate this plant. No other organization will receive US taxpayer money.
However, Rubio did not calm down and called on the Foreign Investment Committee to immediately review the licensing agreement between Ford and CATL.
In his view, this deal will only increase the United States’ dependence on the Chinese Communist Party for battery technology.
Ford plans to spend $3.5 billion to build a battery plant in Michigan and says the plant will create 2,500 jobs by 2026 and produce cheaper, faster-charging lithium iron phosphate batteries.
- “Drive” can be read in In contact with
Source: Autoblog