Ford is reportedly days away from sharing a plan to increase its supply of US-made electric vehicle batteries. According to Reuters, the automaker could announce as early as Monday that it’s partnering with China’s Contemporary Amperex Technology Co (CATL) to build a $3.5 billion iron phosphate battery plant outside of Marshall, Michigan, a small town about 100 miles west of Detroit. Once completed, the facility is expected to employ at least 2,500 workers.As Bloomberg points out, Ford is moving forward with the project despite uncertainty around how the Treasury Department will interpret President Biden’s landmark climate change bill. Specifically, the Inflation Reduction Act includes language that seeks to prevent automakers from taking advantage of consumer EV tax credits if they make vehicles with batteries made by a “foreign entity of concern.” Congress designed the rules to incentivize automakers to build a domestic supply chain for EV parts instead of relying on China for
