I Happened to be doing some stock market research this past week and noticed a headline on my homepage in regards to Ford Motor Company striking a deal with CATL, which is the largest producers of EV batteries in china. Basically Ford is building a 3.5 billion dollar plant in Michigan for producing EV batteries, to open in 2026. The bullet points of the deal are that ford is actually paying for the use of Chinese technology and there will be Chinese engineers in the factory and some Chinese equipment. The plant will be owned and run by ford with Ford union workers. Fords ultimate goal is to be able to produce EV batteries in house self sufficient. So I believe that ford will utilize Chinese technology and engineers until ford is up and running 100 percent on it's own and then the Chinese engineers will leave, I assume based on the research I have done. Currently Ford has a agreement for EV batteries with LG and SK, who I believe are very top quality Korean companies ( United States allies as well). I took 5 minutes to watch the CNBC video with Jim Farley who was taking questions from Cnbc analysts. I did not go to college for psychology , but in my opinion it was a awkward interview and Mr. Farleys body language and answers to questions was to put it simple very uncomfortable. Before Ford fan boys start bashing me please watch the video and keep in mind that the interview is being conducted by Cnbc, which is a very globalistic leans liberal business network. To put it bluntly, MR. Farley was uncomfortable and maybe irritated by the questions.
I guess my question to customers who have been ford fan boys, like myself, how do you feel about this considering what is going on with Russia and the fact that china is a ally of Russia and has been purchasing Russian oil during the war and has been supplying Russia with weapons and is having a summit with president Putin this week. I do believe most of America has black balled Russia, what about china ? Mr. Farleys answer in the interview is " there are no other options ", as the lady from CNBC asks what's wrong with Panasonic, who toyota works with. General Motors I believe is using LG. No other options ? Really ?
Considering Ford just reported their terrible earnings last week and lost 2 billion dollars in profit and lead to their stock price dropping while GM, TESLA, TOYOTA, and Stellantis all reported great earnings I have to think if this is part of a cost cutting measure as most Chinese companies do work cheap.
I know the bronco Raptor does not utilize a EV battery but in my opinion this move by ford is TERRIBLE OPTICS and a real questionable direction to go considering the tensions between the United States , Russia, and China. Seems very selfish to me. And by the way Michigan was not Fords first choice for the plant, Virginia was but Virginia turned them down because of the china relationship. Do I need to mention spying balloons in the United States and canada.
In approximately 10 days I am supposed to be writing a $ 85,000.00 check to ford motor company, but I am not feeling very good about it. The other thing I find odd is that Panasonic is in the process of building a massive EV battery plant in Kansas. By the way Panasonic is a great Japanese company and Japan is a ally of the United States.
Before you bash me, please watch the video and do your own research.
I guess my question to customers who have been ford fan boys, like myself, how do you feel about this considering what is going on with Russia and the fact that china is a ally of Russia and has been purchasing Russian oil during the war and has been supplying Russia with weapons and is having a summit with president Putin this week. I do believe most of America has black balled Russia, what about china ? Mr. Farleys answer in the interview is " there are no other options ", as the lady from CNBC asks what's wrong with Panasonic, who toyota works with. General Motors I believe is using LG. No other options ? Really ?
Considering Ford just reported their terrible earnings last week and lost 2 billion dollars in profit and lead to their stock price dropping while GM, TESLA, TOYOTA, and Stellantis all reported great earnings I have to think if this is part of a cost cutting measure as most Chinese companies do work cheap.
I know the bronco Raptor does not utilize a EV battery but in my opinion this move by ford is TERRIBLE OPTICS and a real questionable direction to go considering the tensions between the United States , Russia, and China. Seems very selfish to me. And by the way Michigan was not Fords first choice for the plant, Virginia was but Virginia turned them down because of the china relationship. Do I need to mention spying balloons in the United States and canada.
In approximately 10 days I am supposed to be writing a $ 85,000.00 check to ford motor company, but I am not feeling very good about it. The other thing I find odd is that Panasonic is in the process of building a massive EV battery plant in Kansas. By the way Panasonic is a great Japanese company and Japan is a ally of the United States.
Before you bash me, please watch the video and do your own research.
