{"id":11181,"date":"2022-02-08T23:08:07","date_gmt":"2022-02-08T23:08:07","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/08\/ford-possibly-working-with-chinas-catl-on-ev-battery-tech-in-ontario\/"},"modified":"2022-02-08T23:08:07","modified_gmt":"2022-02-08T23:08:07","slug":"ford-possibly-working-with-chinas-catl-on-ev-battery-tech-in-ontario","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/08\/ford-possibly-working-with-chinas-catl-on-ev-battery-tech-in-ontario\/","title":{"rendered":"Ford possibly working with China’s CATL on EV battery tech in Ontario"},"content":{"rendered":"

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As Ford gears up to expand its electric vehicle (EV) strategy in Canada, the legacy automaker is reportedly in talks with Contemporary Amperex Technology Co. Limited (CATL) in China to supply batteries to its new plant in Oakville, Ontario<\/a>.<\/p>\n

These discussions haven\u2019t been made public yet by CATL or Ford. That said, a source who spoke with The Logic<\/a>\u00a0<\/em>said that Canadian officials are raising concerns about China becoming a significant EV battery supplier since it has a reputation for using its market power to advance its political mandates in the past.<\/p>\n

In the tech space, this has been most recently evident in the ongoing Huawei scandal<\/a>.<\/p>\n

CATL is already the world\u2019s largest power battery builder, but even U.S. officials and Ford\u2019s American offices are also aware of the meetings. Part of the hesitancy also comes from wanting to wait and see the results of President Biden\u2019s Build Back Better bill in the United States.<\/p>\n

This bill could change things for EV manufacturers in the U.S. and the surrounding industries, including EV battery manufacturing. With this in mind, several major investments in the space in North America have been put on hold to see if the Build Back Better bill outcome leans in their favour, according to the Finacial Post<\/a>\u00a0<\/em>report.<\/p>\n

If the deal does go through, CATL likely won\u2019t build a battery factory in Ontario or even Canada for that matter. Instead, it will supply batteries to Ford\u2019s perspective EV plants in Oakville. Sources say that the talks are still early and not close to being finalized.<\/p>\n

When Ford first announced<\/a> it was retooling the Oakville plant it was looking to assemble a new battery pack design by 2025<\/p>\n

Ford\u2019s Chinese division already uses batteries from CATL.<\/p>\n

Source: The Logic<\/a>, Financial Post\u00a0<\/a><\/p>\n<\/p><\/div>\n