Senate’s Warner Calls China Scrutiny of Ford’s Battery Deal Ironic
- Ford plant to use technology belonging to Chinese firm CATL
- Virginia Democrat Warner calls Beijing’s review of deal ironic
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Senate Intelligence Chairman Mark Warner criticized Beijing’s scrutiny of Ford Motor Co.’s partnership with a Chinese electric-vehicle battery giant as ironic and hypocritical considering that nation’s own track record on technology sharing.
China will look over Ford’s recent agreement with Contemporary Amperex Technology Co. Ltd. to ensure the Chinese battery giant’s core technology isn’t handed over to the US carmaker, Bloomberg News reported Thursday. The move is another sign of heightened geopolitical tensions between the world’s two largest economies complicating business deals.