Japan's electric vehicle battery maker AESC Group is confident in its expansion plans for two new U.S. plants, despite increased scrutiny from Washington over its links to China. AESC, acquired by Chinese renewable energy company Envision Group in 2019, is also aiming to be eligible for U.S. government tax credits to prevent China's involvement in the EV supply chain.
FAQ - China-owned EV Battery Maker
Q: What is the status of China-owned EV battery maker's U.S. plants?
A: According to the search results, the China-owned EV battery maker, AESC Group, is confident that its plans for two new U.S. plants are on track. Despite some outcry, the state of Michigan has approved $175 million for a Chinese-owned EV battery plant. Additionally, Ford is moving forward with a $3.5 billion EV battery plant in the U.S. with a Chinese partner. The exact current status may vary, so it is recommended to refer to the latest news for the most up-to-date information.