Lawmakers on the Hill are getting wise to China’s schemes.
According to a Fox News report, bipartisan efforts on Capitol Hill are moving to block the Ford Motor Company from partnering with Chinese battery company Contemporary Amperex Technology Co. Limited (CATL) to make batteries for new cars in the United States.
From Fox News:
Sen. Joe Manchin, D-W.Va., stressed a 12% royalty on sales would be given to CATL.
“I’ll be damned if I’m going to give them $900 out of $7,500, to let it go to China for basically a product we started,” Manchin told the CERAWeek energy conference. “You’re telling me we don’t have the smart people and the technology, and we can’t get up to speed quick enough? That doesn’t make sense.”
Sen. Marco Rubio, R-Fla., recently introduced the “Restricting Electric Vehicle Outlays from Kleptomaniac Enemies (Revoke) Act of 2023,” a bipartisan bill that seeks to block companies from receiving electric vehicle tax credits from corporations with foreign entities of concern.
Rubio claims that if the deal proceeds, it “will only deepen U.S. reliance on the Chinese Communist Party for battery tech, and is likely designed to make the factory eligible for Inflation Reduction Act (IRA) tax credits.”
Ford is seeking to build a $3.5 billion battery plant in Michigan as part of the new deal.
Democrats and Republicans are finding common ground in the fight against China, with bipartisan efforts to crackdown on Chinese social media app TikTok and the CCP’s purchase of American farmland.
More over at Fox News:
Senators seek to block Ford Motors from working with Chinese battery company: 'I'll be damned' https://t.co/5OY2sFJQgF
— Fox News Politics (@foxnewspolitics) March 13, 2023