China to Review Ford-CATL Battery Deal
China to Review Ford-CATL Battery Deal
China is said to be reviewing a deal between battery maker CATL and Ford. According to people familiar with the matter, Beijing wants to make sure locally developed technology is not handed over to the US carmaker. Rebecca Choong Wilkins reports on Bloomberg Television.
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0.06 -> It seems that the backdrop is did
companies want to deal with each other?
4.11 -> But there are risks to some of these big
deals going through, especially if you
8.25 -> go into super sensitive areas like
technology, for example.
10.98 -> Absolutely.
I think technology, strategic technology
13.23 -> is going to continue to be this really
big focus.
15.6 -> We see it with cattle and Ford.
Of course, automakers are really sort of
19.86 -> sticking point for China and Europe and
Germany, for example, as well as, you
25.08 -> know, yesterday's assembled news.
Again, this issue of sort of possible
29.16 -> allegations of corporate theft and so
on.
31.17 -> So I think we're going to continue to
see that.
33.21 -> It's interesting when we contrast how
the U.S.
36.21 -> and its allies are responding to this
and using this particular tool of
39.9 -> economic statecraft, trying to involve
and incorporate other corporates, trying
45.09 -> to get multilateral national support for
these types of cubs versus China that
49.98 -> has been relatively restrained in its
sort of punishment or its targeting,
55.53 -> shall we say, in this particular area.
Quickly, do you think the scrutiny will
59.88 -> actually affect these deals in any way
they could?
62.28 -> They actually be blocked?
I think it really is going to depend on
65.16 -> the country involved, actually.
How close are they to the US?
67.89 -> We talked about the Netherlands.
The Japanese or Europe, which has had a
72 -> really sort of tried to stay steer,
steer a middle path between this
76.68 -> conflict between China and the US.
Source: https://www.youtube.com/watch?v=4tAXdotprGw