Ford's $3.5-Billion Battery Plant Deal With Chinese Firm CATL Draws US House Committee Investigations
Portfolio Pulse from Piero Cingari
Ford Motor Co's (NYSE:F) $3.5 billion battery plant deal with Chinese firm CATL is under investigation by two U.S. House of Representatives committees. The committees are concerned about the potential influence of the Chinese Communist Party over Ford and its implications for U.S. taxpayers. Ford plans to maintain ownership and operation of the plant on U.S. soil, contrasting with competitors that import batteries from China. The committees are also questioning the roles of CATL's Chinese workforce at the Ford plant and CATL's control over entities linked to forced labor allegations.

July 21, 2023 | 7:27 pm
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Ford's partnership with CATL for a $3.5 billion battery plant is under investigation by U.S. House committees, raising concerns about potential Chinese influence and implications for U.S. taxpayers.
The investigation into Ford's partnership with CATL could potentially impact the automaker's plans for the battery plant and its overall EV strategy. This could lead to negative sentiment among investors, potentially affecting Ford's stock price in the short term.
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