CATL says Ford project on track despite new U.S. battery rules

Chinese EV battery maker confident its technology will be used at Michigan plant

20231207 CATL image

China's CATL is confident its partnership with Ford Motor at an EV battery plant in Michigan will not be affected by new White House regulations on 'foreign entities of concern.' © Getty Images

CISSY ZHOU, Nikkei staff writer

HONG KONG -- CATL's partnership with Ford Motor on an electric vehicle battery plant in the U.S. will not be affected by the White House's new rules on Chinese involvement in such projects, Zeng Yuqun, the founder of the Chinese battery giant, told Nikkei Asia.

"The plant structure was designed under the definition of the foreign entity of concern (FEOC), so there will be no impact on further implementation," Zeng said.

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