Biden Gov expected to announce FEOC ruling on Friday. There’s talk that the Whitehouse hopes this ruling will encourage development of the US supply chain and distance themselves from China.
”Several automakers have waited for a more precise definition of “foreign entity of concern" before moving forward with investment or licensing deals to build EV batteries and acquire critical minerals, people familiar with the matter say.”
https://www.livemint.com/auto-news/biden-to-limit-chinese-role-in-u-s-ev-market/amp-11701276729904.html
https://www.nytimes.com/2023/11/29/business/economy/electric-car-china-supply-chain.html
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