Foreign Media: The collaboration between Ford and CATL at the battery plant in Michigan highlights the global automotive industry's reliance on Chinese battery technology.
The $3 billion facility, with an annual production capacity exceeding 400,000 electric vehicles, was originally scheduled for announcement in 2023 but faced local opposition due to tensions between China and the U.S. It ultimately ended up being fully owned by Ford, with CATL participating only as a technology and service provider in operations.
Morgan Stanley analysts pointed out that partnering with international automakers is the sole competitive pathway for Chinese suppliers, as Chinese carmakers are accelerating their overseas expansion to counter domestic demand weakness; the bank predicts that international auto groups will soon introduce Chinese technologies into foreign markets.
Original article: toutiao.com/article/1865240814920715/
Disclaimer: The views expressed in this article are solely those of the author.