Ford to Build EV Battery Plant With Chinese Partner

Ford to Build EV Battery Plant With Chinese Partner

Ford to Build EV Battery Plant , With Chinese Partner.

'Bloomberg' reports that Ford Motor Co.

Is teaming up with China's Contemporary Amperex Technology Co.

Ltd (CATL).

The U.S. automaker is investing $3.5 billion in the electric-vehicle battery plant in Marshall, Michigan.

The U.S. automaker is investing $3.5 billion in the electric-vehicle battery plant in Marshall, Michigan.

The plant, which will open in 2026, will employ 2,500 workers.

It is expected to manufacture enough batteries for 400,000 EVs per year.

But the deal has drawn criticism considering the heightened tensions between America and China.

But the deal has drawn criticism considering the heightened tensions between America and China.

Virginia Governor Glenn Youngkin called the operation a "Trojan horse" for China's Communist Party.

Lisa Drake, Ford’s vice president of EV industrialization, attempted to ease fears, saying Ford will maintain control over the operation.

Ford has control — control over the manufacturing, control over the production, control over the workforce.

We’re licensing that technology from CATL, Lisa Drake, Ford’s vice president of EV industrialization, via statement.

Ford has control — control over the manufacturing, control over the production, control over the workforce.

We’re licensing that technology from CATL, Lisa Drake, Ford’s vice president of EV industrialization, via statement.

Executive Chairman Bill Ford also issued a statement.

Manufacturing these batteries in America will bring us closer to battery independence.

[CATL will] help us get up to speed so we can build these batteries ourselves, Bill Ford, Ford Executive Chairman, via statement