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China's Cash Drives America Towards Electrification | The Heritage Foundation

This week Foxconn, a Taiwanese company under the influence of China, injected another $170 million in Lordstown Motors, the Ohio electric truck company. This follows Foxconn’s purchase of Lordstown’s plant and $50 million worth of stock in November 2021. Although America has achieved independence in oil and gas production, China is actively attempting to steer America in the direction of greater dependence on battery-powered vehicles. A new Congress should consider whether this makes sense.
United States Committee On Foreign Investment Confucius Centers At American Chinese Communist Party Lordstown Motors Foreign Investment

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