Ford Motor, CATL explore ways to manufacture EV batteries in the US
CATL already supplies EV batteries to Ford for its F-150 Lightning pick up and the Mustang Mach-E vehicles
US automaker Ford Motor Company and China’s largest EV battery maker Contemporary Amperex Technology Company Ltd. (CATL) are exploring ways to build a battery manufacturing plant in Michigan in order to qualify for the revised tax incentives under the Inflation Reduction Act (IRA) of 2022 in the US, according to a news report published by Bloomberg on 15 December 2022.
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