Yet the Republicans kick up, over any Chinese involvement in US...

Yet the Republicans kick up, over any Chinese involvement in US EV projects, ie Microvast and Ford below.

"I am alarmed about how Ford has structured this project in the context of the IRA's clean vehicle credits and am concerned that other automakers may seek to use loopholes in the IRA to avoid guardrails meant to protect American enterprise and workers," Rep. Jason Smith, R-Missouri, wrote in a letter to Ford CEO Jim Farley.



Check out this from Anovions CEO. All the Battery Material US startups need the Govt support to build an industry from scratch outside of China.

Eric Stopka, CEO of Anovion, would like the opportunity to try. Anovion — which was formed last year from the combination of assets of West Virginia–based Amsted Graphite Materials and the battery materials division of Spokane, Washington–based Pyrotek — won a $117 million DOE grant in October to support its production of graphite for EV batteries. The company says the $800 million facility it’s building in Georgia will be capable of producing 40,000 metric tons of synthetic graphite per year when it starts running in 2025 and will eventually scale up to 150,000metric tons a year.

It takes about 1,200 metric tons of graphite to make a gigawatt-hour’s worth of lithium-ion batteries, Stopka said. That means that North America will need 1.2 million metric tons per year to supply a forecasted annual battery manufacturing capacity of 1,000 gigawatt-hours by 2030. China now controls more than 90 percent of global graphite production capacity, with “virtually no production occurring today in North America,” he said.

Anovion will rely on supply-side tax credits such as 45X to bolster its cost-competitiveness over the coming decade, he said. “That should give us sufficient time to set up our operations and get them competitive, to help ensure there’s a strong industrial base.”

But to attract additional investors willing to sink capital into a brand-new domestic industry, “we need an opportunity to deploy this capital, and to start realizing the earnings on that capital, without learning in two or three years that the Chinese competitors are just undercutting prices so they can eliminate the competition in the United States,” he said.

Stopka acknowledged the complexities of setting policies that both “get people to buy EVs but also support the establishment of a North American supply base.” At the same time, he worries that the yet-to-be-released Treasury Department rules on foreign entities of concern may fail to clearly establish what kind of supply chain will be needed to qualify batteries for 30D tax credits.

“What you can’t do is create this historic legislation that’s really meant to build out an industry and then have it rife with loopholes that can be exploited,” he said.