Shulou(Shulou.com)11/24 Report--

CTOnews.com July 24 news, there are a number of foreign media said that "Ningde era and Ford battery cooperation project was suddenly investigated by the United States." In response, the staff of the Dong Secret Office of Ningde Times responded to Zhongxin Jingwei that the project with it (Ford) was progressing normally with regard to the news.

Ford spokesman TR Reid said last week that the company was reviewing the matter, but declined to comment directly on the news.

Last week, two House of Representatives committees said on Friday that they were investigating Ford's partnership with Chinese battery company Ningde Times, and Smith and Gallagher asked for a response to Ford's partnership by August 10.

In 2022, the US Congress passed a $430 billion inflation reduction bill, which stipulates that if any electric vehicle battery assembly is manufactured or assembled by "relevant foreign entities", the bill will prohibit electric vehicles from receiving tax credits in the future, so Ford had to pay $3.5 billion to ask the Ningde era to produce batteries in the United States.

"We are concerned that the deal may simply outsource Chinese battery technology, raw materials and employees, while collecting tax credits through permits and bringing money back to the Ningde era," the House letter said. although the executives of the proposed project are Ford employees in the United States, the project seems to rely on employees from the Ningde era to maintain its long-term operation. "

In February this year, Ningde Times and Ford announced a partnership to build a battery factory near Marshall, Michigan, to produce new lithium iron phosphate batteries. Ningde Times will license battery patented technology.

According to reports, the plant plans to invest US $3.5 billion (CTOnews.com Note: currently about 25.165 billion yuan, wholly owned by Ford), is expected to start production in 2026, and will create at least 2500 jobs in the United States. Ford said in May that it expected the plant to reach about 42GWh a year when it was fully operational.

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