The Biden administration must still issue rules later this year...

The Biden administration must still issue rules later this year detailing what constitutes a "Foreign Entity of Concern" that will later disqualify EVs for credits if they have any battery components or if batteries contain critical minerals from a foreign entity of concern.

This interpretation is key for future US investment from Chinese companies such as Gotion. Dec graphite permitting, and 25% tariffs on graphite also to be clarified. I also don’t think the GOP will lay down on their criticism of Gotion. Nor other Chinese companies that try to find loopholes, lots are.