Brutal reading but then the SP reflects this sorry state of affairs.
However, final qualification of the Vidalia AAM facility, as determined by customers, and commencement of commercial AAM sales did not occur during, and has not occurred subsequent to, the interim financial period. Intensity of qualification processes already underway and progression of additional sales appear to have been impacted by a two-year transition period granted to EV OEMs for sourcing of non-Foreign Entity of Concern graphite AAM to potentially qualify US EVs for consumer tax credits under the IRA.
Odds on this two-year transition period being revoked/reduced have to be near 0%.
Brutal reading but then the SP reflects this sorry state of...
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