US Senator Rubio Calls for CFIUS Review of Ford-CATL Agreement

US Senator Marco Rubio has called for a Committee on Foreign Investment in the United States (CFIUS) review of the licensing agreement between Ford and CATL, and requested a commitment from the Biden administration not to support Chinese Communist Party efforts by providing tax credits or other funding for the deal.

• NOTE: Ford Picks Michigan for EV Battery Plant With China’s CATL
• “I am alarmed at Ford’s plan to establish a large, Michigan-based factory, structured as a wholly owned subsidiary that licenses its technology from CATL,” Rubio said in a letter to US Secretary of the Treasury Janet Yellen, Secretary ...