Ford Motor Co. (NYSE:F) is determined to move forward with the construction of its $3 billion battery plant in Michigan, even if the project loses its eligibility for federal tax incentives.
What Happened: Ford’s decision to continue with the project comes amid potential policy changes by the U.S. government that could render the plant ineligible for federal tax credits, reported The New York Times on Monday. The plant, located in Marshall, Michigan, is expected to utilize battery and manufacturing technology licensed from the Chinese company Contemporary Amperex Technology Ltd. (CATL).
