In Depth: Beijing Rewrites the Rules for Chinese Capital Going Global

In Marshall, Michigan, a $3 billion battery plant backed by Ford Motor Co. and using technology from Chinese battery giant Contemporary Amperex Technology Co. Ltd. (CATL), is taking shape.

The plant, scheduled to begin production by the end of this year, is structured under a carefully calibrated License Royalty Service model. CATL provides technology, engineering and manufacturing support in exchange for licensing and service fees, without taking an equity stake.