Trump Administration Expresses Concern Over Ford Motor Ties to China
· Business · CNBC, Yahoo Finance
U.S. Transportation Secretary Sean Duffy sent a letter to Ford CEO Jim Farley expressing profound concern over the automaker's strategic ties to Chinese enterprises. The administration specifically questioned Ford's partnership with battery provider CATL regarding American automotive manufacturing integrity and supply chain exposure. Ford utilizes licensing agreements with CATL to produce lithium iron phosphate batteries and plans to use the technology for energy storage systems. The deal, originally announced in 2023, has drawn renewed scrutiny amid rising trade tensions between the United States and China. Ford did not immediately respond to requests for comment on the matter.
Why it matters
This diplomatic pressure underscores intensifying scrutiny by the U.S. government on American corporate partnerships with Chinese state-backed entities in critical supply chains.
Read the original report — CNBC
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