Days after Ford Motor Firm and Chinese language battery maker Up to date Amperex Expertise Restricted (CATL) introduced a brand new $3.5 billion battery manufacturing plant in Marshall, Michigan, Senator Marco Rubio of Florida has requested the Biden administration to take a more in-depth have a look at the settlement resulting from considerations of Chinese language Neighborhood Occasion (CCP) affect.
Rubio stated the deal, by way of his official website, “will solely deepen US reliance on the CCP for battery tech, and is probably going designed to make the manufacturing unit eligible for Inflation Discount Act (IRA) tax credit.”
The senior Florida senator, the highest Republican on the Senate Intelligence Committee, additionally wrote to the secretaries of the Treasury, Power, and Transportation to request a Committee on Overseas Funding within the US assessment on the settlement between Ford and CATL. Rubio’s considerations are usually not with out benefit.
Information Abstract:
- US Senator Needs To Assessment Ford’s Deal With Chinese language Battery Maker
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