Ver, I can't see the Biden administration getting their boots between major commercial deals - even ones involved with China, unless you define 'conflict' in its narrowest form - war.
And if there is to be the unthinkable, the EV revolution will take an instant step back in importance. All would be subservient to waging said war, sorry, conflict.
Chinese interests will continue to push back at what's beginning to happen in the West's waking up to them. Such as the Quebec - Nth Carolina lithium supply chain.
But you don't want to cross too many bridges with Beijing - at least not until you have to. IMHO.
Wouldn't voiding otherwise enforceable valid contracts such as Gangfeng's in short order be seen as a bit of an overreaction?
All just my humble offering of opinion! DYOR, as they say.
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