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Ford is using Chinese parts and labor at new battery plant, still expects to cash in on Biden tax credits

When President Joe Biden pushed through nearly $400 billion in "green energy" subsidies last summer, he said the massive federal spending would help America compete with China. But auto giant Ford announced plans this week to use Biden's tax credits to make electric vehicle batteries with Chinese workers and technology.

Ford announced last week it is investing $3.5 billion to build a Michigan factory that will produce EV batteries in partnership with Chinese battery giant Contemporary Amperex Technology Co., Limited. The Chinese firm is not only providing technology but also sending equipment and workers to help build and run the factory, according to Ford.

> Ford is using Chinese parts and labor at new battery plant, still expects to cash in on Biden tax credits > When President Joe Biden pushed through nearly $400 billion in "green energy" subsidies last summer, he said the massive federal spending would help America compete with China. But auto giant Ford announced plans this week to use Biden's tax credits to make electric vehicle batteries with Chinese workers and technology. > Ford announced last week it is investing $3.5 billion to build a Michigan factory that will produce EV batteries in partnership with Chinese battery giant Contemporary Amperex Technology Co., Limited. The Chinese firm is not only providing technology but also sending equipment and workers to help build and run the factory, according to Ford.

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