BUSINESSSCMP WORLD
Xi-Trump summit: Ford-CATL battery plant shows how global carmakers need China’s prowess
Ford Motor is building a $3 billion EV battery plant in Michigan in partnership with Chinese company CATL, demonstrating global carmakers' dependence on Chinese battery technology. The facility, with capacity for over 400,000 EVs annually, highlights the importance of US-China trade cooperation during President Trump's state visit to Beijing for summit talks with President Xi Jinping.
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