President Joe Biden, while touting his $174 billion electric vehicle (EV) plan, ignored his record of allowing Chinese investors with ties to the Chinese Communist Party to buy up key parts of the American EV industry.
During a speech at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, Biden touted his record as vice president to former President Barack Obama in relation to the nation’s battery-powered EVs.
“Our own Department of Energy pioneered and transformed the battery industry when Barack and I were in office. And through the Recovery Act’s grants and loans, battery prices dropped 80 percent because we were looking forward,” Biden said.
Biden also said he would not allow “a single contract go to a single company that does not hire Americans, have all American parts, and has an American supply chain that is an American product supply chain.”
Unmentioned in the speech, though, was Biden’s record of allowing Chinese investors with Chinese Communist Party ties to acquire American companies with EV technology capabilities.