A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric vehicle batteries, sources told Reuters on Monday.
The $430 billion Inflation Reduction Act signed by President Joe Biden in August aims to wean U.S. EV production from Chinese supply chains by imposing new conditions on EV tax credits. The new tax credit rules restrict eligibility to only North American assembled vehicles and set battery sourcing rules.as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan has drawn criticism from some lawmakers.
Republican Senator Marco Rubio has asked the Biden administration to block EV tax credits for batteries produced using Chinese technology. Ford said previously "making those batteries here at home is much better than continuing to rely exclusively on foreign imports, like other auto companies do."Reporting by David Shepardson and Kanishka Singh in Washington; Editing by Sandra Maler and Lisa Shumaker
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US can't yet compete with China on EVs, Ford chairman tells CNNFord Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles.
Lire la suite »
China’s top diplomat Wang: China has no room for compromise and concessions on Taiwan issueIn a scheduled meeting with US Secretary of State Antony Blinken, China’s top diplomat Wang Yi said that “China has no room for compromise and concess
Lire la suite »
China’s President Xi: Blinken's visit could help stabilize China-US tiesOn meeting with US Secretary of State Antony Blinken on Monday, China President Xi Jinping said that he hopes through the visit, Blinken will make mor
Lire la suite »
WSJ Global Food Forum to Feature Big Food CEOs, Chicago Fed, USDAWhat to expect at The Wall Street Journal’s Global Food Forum this week, including interviews with Jennifer Garner, Rick Bayless and Ertharin Cousin
Lire la suite »
Study Finds More Americans Taking On Third Job To Help Keep CEOs AfloatNEW YORK—In an indicator suggesting the gig economy was still thriving, a study released Monday by the U.S. Bureau of Economic Analysis found that more Americans were taking on third jobs to help keep the nation’s CEOs afloat. “Despite the robust job market, our findings indicate that far more Americans are…
Lire la suite »
Why Harrison Ford Likes Indiana Jones More Than Han SoloSurprisingly, Harrison Ford prefers his iconic Indiana Jones character over Star Wars' just as iconic Han Solo character for more than one reason.
Lire la suite »