• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, July 18, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

US Lawmakers to Pressure Automakers on Reducing China Dependency

by Indrajeet Giram
June 20, 2023
in Business, Markets
Reading Time: 3 mins read
0
US Lawmakers to Pressure Automakers on Reducing China Dependency

US Lawmakers to Pressure Automakers on Reducing China Dependency

TwitterWhatsappLinkedin

A group of lawmakers from both sides of the political spectrum in the United States is planning to urge the CEOs of Ford Motor and General Motors to reduce their reliance on auto parts from China, with a particular emphasis on electric vehicle batteries.

You might also like

Zuckerberg, Meta Directors Settle $8 Billion Privacy Trial

Samsung Chairman Jay Y. Lee Cleared in 2015 Merger Case

Trump Administration Pulls $4 Billion in Federal Funding from California’s High-Speed Rail Project

The four lawmakers, who are part of the House of Representatives China Select Committee, are expected to travel to Detroit to meet with Jim Farley of Ford and Mary Barra of GM.

The group comprises a bipartisan mix of lawmakers, with two Republicans, namely Mike Gallagher and John Moolenaar, and two Democrats, Raja Krishnamoorthi and Haley Stevens.

They also intend to hold discussions with executives from prominent auto suppliers, including BorgWarner, Continental, Bosch, Tenneco, and battery startup Our Next Energy.

The objective of these meetings is to address concerns about the overreliance on Chinese auto parts and explore strategies to diversify supply chains in the automotive industry.

US Lawmakers to Pressure Automakers on Reducing China Dependency
source : thechinaproject.com

This move by the lawmakers comes on the heels of U.S. Secretary of State Antony Blinken’s recent visit to Beijing, during which negotiations failed to yield any significant breakthroughs.

The timing suggests that policymakers are intensifying their efforts to reduce dependence on China, given its dominance in the global auto parts market.

By focusing on electric vehicle batteries, the lawmakers are likely aiming to bolster domestic manufacturing capabilities and ensure a more secure supply chain for the growing electric vehicle sector.

Ford has already expressed its alignment with the goals of the committee, emphasizing the importance of strengthening American competitiveness and establishing robust electric vehicle supply chains within the country.

During the upcoming meeting, Ford intends to share its initiatives and progress in achieving these objectives. On the other hand, General Motors has chosen not to comment on the meeting, leaving their stance unclear.

Bipartisan US Lawmakers Take Stand

This bipartisan effort underscores a broader concern among U.S. policymakers regarding national security, economic competitiveness, and technological leadership.

By addressing the issue of reliance on Chinese auto parts, lawmakers are acknowledging the need to safeguard critical industries and promote domestic manufacturing capabilities in strategic sectors such as electric vehicles.

The outcome of these discussions could shape future policies and initiatives aimed at reducing dependence on China and securing the United States’ position in the global automotive landscape.

In April, concerns were raised by Gallagher, the chair of the China committee, regarding Tesla’s dependence on China, following the announcement of their plans to establish a Megapack battery factory in Shanghai.

To address such concerns and reduce reliance on Chinese supply chains, President Joe Biden signed the Inflation Reduction Act (IRA) in August.

With a budget of $430 billion, this act aims to incentivize U.S. electric vehicle (EV) production while imposing new conditions on EV tax credits.

US Lawmakers to Pressure Automakers on Reducing China Dependency
source : firstpost.com

The revised tax credit rules now require vehicles to be assembled in North America and mandate specific battery sourcing regulations.

Ford’s February announcement about their collaboration with Chinese battery company CATL for technology implementation in their planned $3.5 billion battery plant in Michigan has faced criticism from certain lawmakers.

Republican Senator Marco Rubio has called on the Biden administration to prohibit electric vehicle (EV) tax credits for batteries manufactured with Chinese technology.

In response to the criticism, Ford previously stated that producing batteries domestically is preferable to relying solely on foreign imports, as some other auto companies currently do. The company emphasizes the benefits of establishing a domestic battery manufacturing capability.

The actions and concerns expressed by the bipartisan group of lawmakers regarding the reliance on Chinese auto parts, particularly electric vehicle batteries, could have several impacts.

Firstly, their efforts indicate a push towards reducing dependence on China and diversifying supply chains in the automotive industry.

By urging CEOs of major automakers and engaging with auto suppliers, the lawmakers aim to encourage the exploration of alternative sources for auto parts, including batteries.

This could lead to a broader diversification of supply chains, potentially reducing vulnerabilities associated with overreliance on a single country.

Tags: AutomakersbipartisanChinaChinese auto partsDetroitdiversificationdomestic manufacturingReliancesupply chainsUS lawmakers
Tweet54SendShare15
Previous Post

Elon Musk, Twitter’s CEO to Skip Cannes Ad Show Despite ‘Brand Safety’ Push

Next Post

Carlos Ghosn sues Nissan for $1 billion in damages over ouster

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

Zuckerberg, Meta Directors Settle $8 Billion Privacy Trial

by Anochie Esther
July 18, 2025
0
Zuckerberg

In a sudden twist that ended what could have been a landmark courtroom showdown, Meta Platforms CEO Mark Zuckerberg and several current and former directors reached a settlement...

Read more

Samsung Chairman Jay Y. Lee Cleared in 2015 Merger Case

by Anochie Esther
July 18, 2025
0
Lee

In a pivotal ruling that removes a significant legal overhang, South Korea’s Supreme Court on July 17 cleared Samsung Electronics Chairman Jay Y. Lee of all charges related...

Read more

Trump Administration Pulls $4 Billion in Federal Funding from California’s High-Speed Rail Project

by Harikrishnan A
July 17, 2025
0
Trump Administration Pulls $4 Billion in Federal Funding from California’s High-Speed Rail Project

President Donald Trump has ordered the U.S. Department of Transportation to revoke $4 billion in federal funding from California’s high-speed rail project, a move that has reignited a...

Read more
Next Post
Nissan and Hitachi look to charge elevators with EV batteries

Carlos Ghosn sues Nissan for $1 billion in damages over ouster

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?