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Ford Motor is considering the idea of building a U.S. battery plant with a Chinese company in a complex arrangement to avoid Sino-U.S. political complications.
Ford and China's Contemporary Amperex Technology Co may build the plant in Michigan or Virginia to reap tax benefits, according to Bloomberg.
The factory will provide lithium iron phosphate batteries for Ford’s electric models.
The ownership structure would involve Ford owning 100% of the plant, while the Chinese battery giant would operate the factory and own the technology that goes into the cells.
The rest of the story...... https://www.foxbusiness.com/markets/ford-chinese-firm-may-build-us-battery-plant-report
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