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Youngkin Says Ford Has ‘Trojan Horse’ Relationship With Chinese Battery Maker

  • Gov. defends decision to withdraw Virginia from contention
  • China involvement seen as undermining Inflation Reduction Act
Bloomberg business news
Watch: Virginia Gov. Youngkin talks about rejecting plans for a Ford plant in his state.Source: Bloomberg
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Virginia Governor Glenn Youngkin is calling an electric-vehicle battery plant planned by Ford Motor Co. and a Chinese partner a “Trojan horse” for China that would undermine policy efforts to strengthen the US auto industry.

The Republican governor, who is considered to be a possible 2024 presidential candidate, defended his decision to remove his state from consideration for the proposed plant, a joint venture between Ford and Contemporary Amperex Technology Co. Ltd., also known as CATL.