Electric Vehicles

US Governor Damns EV Battery Plant as ‘CCP Front’ – AP

 

A political storm has erupted in Virginia after the state’s Republican Governor Glenn Youngkin suggested a $3.5-billion battery factory for electric vehicles being considered by Ford Motor and China’s Contemporary Amperex Technology (CATL) would be a front for the Chinese Communist Party that raises national security concerns, according to a report by AP, which said the governor’s Democrat rivals accused Youngkin of putting his political ambitions (for the 2024 presidential race) ahead of the chance to secure a major project that could generate 2,500 jobs.

Other local news outlets said Youngkin gave a speech on January 11 in which he said “dangerous foreign entities” tied to the CCP should be banned from purchasing farmland in Virginia. However AP noted that there was scepticism on whether Virginia really was a chance to get the Ford-CATL battery plant, because experts felt such a project was more likely to be located near Ford’s EV manufacturing plants in Mexico or near Detroit.

Read the full report: AP.

 

ALSO SEE:

 

China’s CATL Halts US, Mexico Battery Plant Investment

 

EV Battery Maker CATL Expects Profits To Almost Triple in Q3

 

China’s CATL to Build Europe’s Biggest EV Battery Plant

 

China Battery Maker CATL Raises $6.7bn in Private Placement

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.

Recent Posts

Bitcoin Comeback Sees Market Worth $1 Trillion Again

The globe’s biggest crypto coin has soared 22% in value this year after the US…

18 hours ago

China’s Free Trade Olive Branch to EU Amid Subsidy Probes

Beijing’s Foreign Minister Wang Yi said the EU and China could avoid confrontation through cooperation

19 hours ago

Curbs on ASML ‘to Stop Use of Advanced Chips by China Military’

ASML tools are used to make advanced semiconductors that can go into "high-value weapons systems…

21 hours ago

Chinese Rocket Failure Opened Door for SpaceX in Indonesia

The failure of a Chinese rocket launch in April 2020 gave Elon Musk's SpaceX the…

21 hours ago

Fake Chinese Accounts Flourish on X, Analysis Shows – WaPo

Researchers say Chinese propaganda "has increasingly sought to stoke existing US divisions in the same…

22 hours ago

Hang Seng Lifted by Rate Cut, Nikkei Dips on Tech Worries

China’s markets were slow to react to its biggest ever mortgage rate cut while Tokyo’s…

23 hours ago