Wednesday, December 21, 2022

Youngkin Tosses China Deal Out

This guy stepped up to the plate.

Virginia is removing itself from consideration as the location of a manufacturing plant in an ongoing deal between Ford Motor Co. and a Chinese battery manufacturer, Contemporary Amperex Technology Co. Ltd. (CATL), a person close to talks told the Daily Caller.

“The governor has directed the Virginia Economic Development Partnership (VEDP) to remove Virginia from consideration for this project and not to submit an incentive package,” the source told the Daily Caller. “Ultimately, Virginia is removing itself from any possibilities of the CATL plant being established due to concerns surrounding the deal.”...

 ...CATL’s connection to the Chinese government is a “major concern” for Republican Gov. Glenn Youngkin, a source close to the talks told the Daily Caller, adding that Youngkin also has an issue with the terms of the deal that would allow CATL to receive U.S. tax benefits under the new Inflation Reduction Act (IRA).

Good to know that it is not all about the (blood)-money of Communist China!

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