GOP Lawmakers Urge Ban On Chinese Battery Suppliers Tied To Ford, Volkswagen Over Forced Labor Allegations
Portfolio Pulse from Anan Ashraf
Republican lawmakers have called for a ban on Chinese battery suppliers CATL and Gotion High-Tech, which are connected to Ford and Volkswagen, over forced labor allegations. They have urged the Biden administration to add these companies to the import ban list under the Uyghur Forced Labor Prevention Act. This comes amid new tariffs on Chinese EV batteries and other products.
June 07, 2024 | 10:03 am
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NEGATIVE IMPACT
Ford may face supply chain disruptions and increased costs due to potential bans on its Chinese battery supplier CATL, following forced labor allegations.
If CATL is banned, Ford will need to find alternative battery suppliers, which could disrupt production and increase costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Volkswagen may experience supply chain challenges and cost increases if Gotion High-Tech is banned due to forced labor allegations.
A ban on Gotion High-Tech could force Volkswagen to seek new battery suppliers, potentially disrupting production and raising costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100