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25-Feb-2013



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Will US Let China Own Advanced Battery Manufacturing?

U.S. critics see sales of advanced battery manufacturing to Chinese firms as 'pure stupidity.'

It sounded so logical at the time.

Over the past several years, Michigan and the federal government invested billions of dollars in companies developing advanced batteries to power electric cars, which some saw as eventually replacing gasoline-powered vehicles.

President Barack Obama and then-Gov. Jennifer Granholm repeatedly said that investing in batteries was critical in ensuring that the cars of the future would be built in Michigan and other parts of the United States.

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