Senator Marco Rubio on Tuesday asked the Biden administration to review Ford Motor's deal to use technology from Chinese battery company CATL as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan.
CFIUS is a U.S. Treasury-led interagency panel that reviews proposed transactions to ensure they do not harm national security.
Ford said the plant would create 2,500 jobs and begin producing lower cost and faster recharging lithium-iron-phosphate batteries in 2026. It would own and control the facility with no foreign investment or U.S. tax dollars going to CATL, the automaker said in a statement.
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