[ad_1]
Ford announced it will build a $3.5 billion battery factory in Michigan based on Chinese technology, underscoring China’s prominent position in the electric-vehicle industry even as political tensions rise.
Ford said it will fully own the factory in Marshall, Michigan, which will use technology and services provided by China’s CATL, the world’s largest battery manufacturer. Until the plant is up and running in 2026, Ford said it will import batteries from CATL for use in some vehicles for U.S. sale.
[ad_2]
Source link