This week, Ford put an abrupt & immediate halt on their EV battery manufacturing plant in Michigan. Permanent? Temporary?? We’ll see. There’s a lot of political drama surrounding this battery plant. And it piggybacks directly off the evolving issue of Ford, GM, and President Biden not all seeing eye-to-eye. <– Please go back and read that article to get a better feel for what’s going on.
But in a nutshell…
Ford’s plan with their Michigan EV battery plant… is/was to license battery manufacturing information directly from Chinese battery manufacturer, CATL. In other words, Ford is paying CATL for their recipe of battery production. And Ford was intending to put the recipe to work at this new manufacturing plant in Michigan. That way, Ford could proudly say their EVs were ‘Made in America’… not really though.
Now while CATL is not directly owned by the Chinese Communist Party…
There are major investors of CATL on the board of the Chinese Communist Party. And the founder of CATL has ties to the CCP. In other words, c’mon people… the CCP is at the controls. China was ahead of the rest of the world on EV resource mining (like cobalt & lithium). They went into places like the Congo, and basically started rapping the land & workforce… before anyone else had it on their radar. And through careful, planned, patient strategy, the Chinese Communist Party has created a Trojan Horse into the global automotive industry. And that Trojan Horse – is the electric vehicle.
I so if the CATL deal with Ford were to go into effect…
And Ford were to pay CATL (aka China) for every EV that Ford makes on American soil… that would be a massive failure for Ford and for the future of the American automobile industry. As well as a potential economic security risk. And this is happening…i.e. we are exposed & vulnerable… because our current White House administration is recklessly rushing EVs to market as a political agenda. Which is forcing auto manufacturers to also get reckless & throw hail marys in attempts to stay competitive & meet unrealistic legislation.
Did you see Trumps speech last night? That’s possibly why they’re stalling, since if he gets in, no more mandates (which aren’t exactly laws btw) and thus, no need to build it
Love him or hate him, after you watch that speech, you’re voting Trump instead of Pedo Peter or Big Mike Obama