Key Facts
• July 8: Ford announced its Michigan EV battery plant qualifies for tax credits.
• $3 billion investment in the plant, using CATL’s battery technology.
• Plant is 60% complete, with 1,700 hires planned for 2026 production start.
• Tax credit eligibility follows amendments to a major tax and spending bill.
• Initial bill proposed removing credits for batteries using Chinese components.
• Ford previously expressed concerns in May about losing tax credit eligibility.
• Ford called the decision a “win for customers and U.S. competitiveness.”
Summary
Ford Motor Company announced that its electric vehicle (EV) battery plant under construction in Michigan is now eligible for tax credits following amendments to a major tax and spending bill. The $3 billion facility, which incorporates technology from Chinese battery giant CATL, is 60% complete and aims to begin production in 2026 with 1,700 employees. Initially, the bill proposed removing tax credits for batteries using Chinese components or produced under licensing agreements with Chinese firms, raising concerns for Ford in May. However, the revised legislation ensures the plant’s eligibility, which Ford described as a victory for both customers and U.S. competitiveness.
