A senior Republican in Congress asked Tesla Tuesday to detail its relationship with Chinese battery manufacturer CATL amid concerns U.S. electric vehicle subsidies were improperly flowing to foreign entities.
planned $3.5 billion investment to build a battery plant in Michigan using technology from CATL, the world's largest battery maker.
In 2022, Congress passed the $430 billion Inflation Reduction Act which will bar future EV tax credits if any battery components are manufactured or assembled by a "foreign entity of concern." Smith asked Musk whether, aside from boosting North American manufacturing, his company had "taken any actions to increase production of the number of vehicles that will qualify for the clean vehicle credit?"
"We are concerned that the deal could simply facilitate the partial onshoring of PRC-controlled battery technology, raw materials, and employees while collecting tax credits and flowing funds back to CATL through the licensing agreement," the letter to Ford said.
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