More supply chain investments mean more EVs, which advocates say are critical to making transportation sustainable.have expressed wariness about Chinese companies seizing too much control of a vital and growing market.Chinese companies are expanding their presence in several areas of the U.S. EV space:it's building a $3.5 billion plant in Michigan that will build batteries using technology from China's Contemporary Amperex Technology Co., Limited .
Foxconn, which makes the iPhone in China for Apple, is now building electric pickups in Ohio after forming a joint venture last year with Lordstown Motors.Virginia Gov. Glenn Youngkin, a Republican, last month withdrew his state's bid for Ford’s venture with CATL,Michigan Gov.
Because Ford will own 100% of the new Michigan factory, it hopes to take advantage of lucrative tax credits. "As IRA implementation continues, scrutiny of Chinese involvement in facilities receiving subsidies will only increase, driven by a mix of sincere and cynical China concerns from both parties," Evercore ISI analyst Tobin Marcus writes.Whether a Chinese automaker goes beyond manufacturing in the U.S., becoming the first to sell vehicles here.for years that they'll bring their cars to the U.S., but it hasn't happened yet.
Didn’t US issue moratorium on rare earth mining in all federal land? Not exactly encouraging US companies to pick up the pace on these materials. But Hunter Biden did broker a huge deal for Chinese companies to start mining rare earths in Africa. US not even trying to compete.
Exactly the way Biden set it up,because China owns him!