Ford Motor Co. shares fell over 4% in afternoon trading following federal warnings regarding its Chinese business ties.
U.S. Transportation Secretary Sean Duffy sent a formal letter to Ford CEO Jim Farley on September 8, 2026.
The administration expressed profound concern over national security risks linked to partnerships with CATL and Geely.
The letter specifically highlighted Ford's reliance on licensed battery technology from CATL for its Michigan production facility.
Officials also flagged a European joint venture with Geely to manufacture vehicles in Spain.
The government warned these relationships assist strategic adversaries by linking Ford to Chinese state-backed enterprises.