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Ford Gets Cold Feet, Pulls Plug on Multibillion-Dollar China-Backed EV Battery Plant
Posted on 9/26/23 at 12:16 pm
Posted on 9/26/23 at 12:16 pm
LINK
quote:
The Ford Motor Company announced Monday that it is pausing construction on a massive electric battery plant in Michigan that involved a Chinese EV battery company. Notably, the plan had been originally considered for Virginia, but Gov. Glenn Youngkin opposed it due to China's potential influence in the plan, arguing that "CATL and the Chinese Communist Party would have full operational control over the technology."
Michigan Governor Gretchen Whitmer had no such qualms, however, and welcomed the plant with open arms as her state government pumped $1 billion into the project.
quote:
Ford had initially planned on spending upwards of $3.5 billion on the project in Marshall, Michigan. It was hoped it would produce at least 2,500 jobs.
quote:
Not surprisingly, the United Auto Workers Union, which is currently on strike against General Motors, Stellantis, and Ford, was infuriated by the news:
8
Posted on 9/26/23 at 12:18 pm to WPBTiger
Considering that most of Ford reliability problems come from the electrical systems, who tf would want to buy a Ford that IS a giant electric system?
Posted on 9/26/23 at 12:23 pm to WPBTiger
quote:
Michigan Governor Gretchen Whitmer had no such qualms,
Why would she? Why would a communist have a problem partnering with a communist country?
Posted on 9/26/23 at 12:47 pm to WPBTiger
quote:
her state government pumped $1 billion into the project.
Did the state really pump that cash into the project? Wonder where this cash ended up?
Posted on 9/26/23 at 1:05 pm to WPBTiger
Ford can suck on Xi a little longer.
Posted on 9/26/23 at 1:16 pm to WPBTiger
Hmmmm. Did he decide this before or after errybody found out it was a deal with the CCP?
Posted on 9/26/23 at 1:38 pm to WPBTiger
The fact that Ford has already lost about $4 billion on EV's may have had something to do with their decision.
Posted on 9/26/23 at 1:44 pm to BFIV
quote:
The fact that Ford has already lost about $4 billion on EV's may have had something to do with their decision.
Im actually surprised that Ford made a good decision to kill the project.
Most people want ICE to remain and do not want an EV. I sure dont, but I would willingly drive a hybrid. If I am going on a long trip I dont want to be stuck waiting hours in line to get a charge.
Posted on 9/26/23 at 1:45 pm to alphaandomega
Dodge killing off its top 2 models for an EV is just absolutely insane.
Posted on 9/26/23 at 1:48 pm to WPBTiger
Meanwhile, Ford is busily constructing an EV battery plant, in partnership with South Korea, here in Kentucky. I'm not sure on the numbers but it is north of 4 Billion dollars.
Posted on 9/26/23 at 2:24 pm to 19
yea, and the "last call" cars are no deal
local dodg dealer has one manual trans car
asking price $68,000 for a challenger
the last new one I bought was $32K pre covid
local dodg dealer has one manual trans car
asking price $68,000 for a challenger
the last new one I bought was $32K pre covid
Posted on 9/26/23 at 2:26 pm to 19
quote:
Dodge killing off its top 2 models for an EV is just absolutely insane.
Yea that’s crazy. I get killing off some shite models that lose money in favor of EVs to try something but killing off popular and profitable models is just stupid
Posted on 9/26/23 at 2:36 pm to WPBTiger
The UAW might be our ticket to getting some of these unreasonable CAFE and increasingly strict emissions regulations temporarily frozen.
If Ford and Stellantis are going full EV and they suck at it…the UAW won’t really exist for much longer. The UAW needs affordable pickup trucks and cars out of the bit 3.
Of the domestic legacy automakers, I think only GM is truly big enough to make the massive investment into EV’s and even they are partnering with LG and Honda to help cover some of those costs. They have some solid EV products but nobody wants them. Because they are expensive and are at least partially dependent on sketchy charging infrastructure.
I can’t think of a single Stellantis EV. Ford has a couple of them. Not not Stellantis.
If Ford and Stellantis are going full EV and they suck at it…the UAW won’t really exist for much longer. The UAW needs affordable pickup trucks and cars out of the bit 3.
Of the domestic legacy automakers, I think only GM is truly big enough to make the massive investment into EV’s and even they are partnering with LG and Honda to help cover some of those costs. They have some solid EV products but nobody wants them. Because they are expensive and are at least partially dependent on sketchy charging infrastructure.
I can’t think of a single Stellantis EV. Ford has a couple of them. Not not Stellantis.
This post was edited on 9/26/23 at 2:39 pm
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