I'm sure there will be a lot of coverage over the next few days. There appears to be no softening in the foreign entity of concern (FEOC) definitions. IMO there is going to be pressure on E25 to speed up its project.
Simon Moores explicitly spells out issues for high purity manganese sulphate (the product E25 intends to produce in its new USA factory).
https://home.treasury.gov/news/press-releases/jy1939#:~:text=is%2080%20percent.-,Beginning%20in%202024%2C%20an%20eligible%20clean%20vehicle%20may%20not%20contain,a%20foreign%20entity%20of%20concern.
Treasury Releases Proposed Guidance to Continue U.S. Manufacturing Boom in Batteries and Clean Vehicles, Strengthen Energy Security | U.S. Department of the Treasury
The Dawn of EV, page-1747
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