Thread by @Sino_Market

China Seeks Extra Scrutiny of Ford-CATL Deal on IP Concerns: BBG
#China #US #CATL #Ford

China will scrutinize Ford Motor Co.’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: BBG cites people familiar
#China #US #CATL #Ford

While Beijing is pleased the deal showcases China’s prowess in the EV battery space, officials are concerned that competitive aspects of CATL’s technology could be given to or accessed by the American automaker, the people said.
#China #US #CATL #Ford

One of the people said it’s unlikely to result in the tie-up being blocked.

The plan, which has already been examined by lower-level officials in China, is getting this extra layer of national-level scrutiny because of the significance of the deal and its implications for US-China relations, the people said.
#China #US #CATL #Ford