Should We Fund Chinese Companies So They Can Develop EV Technology?

The exact opposite should happen.

DuDE is right cause at the end they will Steal or tecnology..lol

As long as the end product is cheap, who cares if it bankrupts American companies. We're Americans, cheap is all we worship. I suppose we worship dumb as well.

Yes!!! When they get the batteries down from about 900 lbs to around 10 lbs EVs should have a small performance advantage.. and go 1000 miles per charge

I wonder how do they know who'll acquire them? It might Chinese, European, Korean, Japanese, Indian, Mexican, Canadian, Brazilian, Australian, or another American.

Practice what you preach. Apple makes huge money, while some companies cannot compete. Nobody can win all. I'm all for stopping free trade and globalization crap!

Apparently this wasn't enough:

"WATERTOWN, Mass. – August 5, 2009 – A123Systems announced today that it was awarded a $249 million grant from the U.S. Department of Energy’s (DOE) Electric Drive Vehicle Battery and Component Manufacturing Initiative. Under the terms of the $249 million grant, A123 will be required to match the funds over time as they are used. This grant is an important part of A123’s U.S. manufacturing strategy, which also includes an application for a loan from the Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) program. The grant will be used to help implement A123’s strategy for the construction of world-class lithium ion battery manufacturing facilities in the United States, with the first construction location in Livonia, Michigan.

The DOE grant supports A123Systems’ commitment to creating a complete U.S. battery manufacturing industry, keeping each element of the process – intellectual property development, component production and final assembly – in the United States."

Apparently we have local Congressmen who receive political contributions from these poorly managed companies and who want to look like they are preserving jobs in their district garner up additional funding for companies that aren't viable for a miriad of reason. Other Congressmen outside of their areas and who don't get any benefits from this relationship question the need for this arrangement.

What else is news?

Here's a small list of poorly performing companies that received US economic stimulus funding: (look them up and see how well they did)
o Solyndra
o Ener 1
o Beacon Power
o Abound Solar
o Spectra Watt
o Eastern Energy

The Chinese are renoun for stealing technology then using it to their advantage. They force foreign companies that want to manufacture products in China to share technology that they then use in their own manufacturing processes. The real question here though is why should we (the taxpayers) give A123Systems more money? They've already been bought by a Chinese firm. Let's see if they can make it more profitable first without more taxpayer handouts.

That's sad that Walmart/Apple and stupid Americans have allowed this to happen.

I wonder when we'll start trading our daughters in because China has bought everything else. Ouch, that's gotta hurt.