WMUK · 9h
The Pentagon says a Ford EV battery plant partner has links to the Chinese military
This has led to new criticism of the Ford Motor Company's relationship with CATL. Ford plans to license CATL's technology at the BlueOval EV battery plant it's building in Marshall. The Defense Department publishes a list of "Chinese military companies" annually, in accordance with federal law.
The Financial Times · 2d
Pentagon blacklisting of China’s EV battery maker puts US banks in bind
The world’s biggest maker of electric-vehicle batteries and a supplier to Tesla has been meeting banks in recent weeks as it draws up plans for a secondary listing in Hong Kong. The initial public offering would give it access to offshore funds as it seeks to expand overseas, and Morgan Stanley has estimated it could raise up to $7.7bn.
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