12:13 PM EDT, 05/30/2025 (MT Newswires) -- (Updates with the company's response and recent share movement in the final two paragraphs.)

Ford Motor ( F ) raised concerns over the potential for the US government to eliminate tax credits that support the production of electric vehicle batteries using Chinese technology, Reuters reported Thursday, citing the automaker's Executive Chair Bill Ford as saying at a policy conference.

"If it doesn't stay, it will imperil what we do in Marshall," the report added, citing Ford. "We made a certain investment based upon a policy that was in place. It's not fair to change policies after all the expenditure has been made."

The automobile giant's estimated $3 billion investment in a Marshall, Michigan, factory would be at risk if the tax credits are eliminated, the media outlet said.

"To Ford Motor Company ( F ), it is not acceptable to rely on buying batteries from China forever," a Ford spokesperson said in an email statement to MT Newswires. "We're America's top auto producer and we've always built in America. That is why we're building a new battery plant in Marshall, Michigan, so battery assembly can be done by American workers right here. The House bill puts this at risk."

Shares of the automaker were up 1.7% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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