https://www.eenews.net/articles/bidens-ev-tax-credit-rule-offers-big-concession-for-automakers/
Whilst disappointing, I think this article gives a good perspective from both sides of the argument.
"But Steinberg also noted that the rule includes a requirement for manufacturers relying on the grace period to show how they’ll comply by 2027 in securing IRA-compliant graphite. According to the rule, that’s expected to include “robust documentation” around efforts companies are making to secure new supplies from domestic or compliant suppliers and ultimately ink offtake agreements."
On the above, lets not forget we have LGES and Panasonic on board early and perhaps further agreements to come.
I'm curious to see if the recent weakness of the share price was this priced in, but expecting further weakness come Monday. Eyes on May 31st tarriff exemption expiry. Hopefully we get better news on this front.
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