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Ford’s CATL deal in Michigan questioned by Missouri Rep. Jason Smith
WASHINGTON — U.S. Rep. Jason Smith, R-Mo., is trying to find more data from Ford Motor Co. about the automaker’s offer with China’s Modern Amperex Engineering Co. Ltd. to use its technologies at a prepared $3.5 billion battery plant in Michigan. In a letter despatched Monday to Ford CEO Jim Farley, Smith lifted problems around whether or not the arrangement leans on a “loophole” in the electric powered automobile tax credit’s battery part sourcing prerequisites and goes towards the law’s intent of U.S. vitality security and lowering dependence on international adversaries this kind of as China for battery elements and producing. “This arrangement seems to leverage a loophole in the…