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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

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Tesla to bring LFP battery supply chain to US – Bloomberg News – ET Auto

Baua Electric

This year, Tesla’s cheapest cars, the Model 3 compact sedan, lost tax credits for the purchase of EVs under the Inflation Reduction Act. Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday.

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South Korea welcomes US decision to extend use of Chinese graphite in EVs – ET Auto

Baua Electric

billion) in financial aid to support efforts of the country’s EV sector to secure a self-sufficient supply chain. South Korea on Wednesday welcomed a US decision to extend automakers’ eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. trillion won (USD 7.11

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Sona Comstar adopts 3-pronged strategy to beat China globally in EV parts supply – ET Auto

Baua Electric

New Delhi: It is no secret that Chinese component makers are aggressively scouting global markets for increasing their already tight grip on the nascent battery electric vehicle (BEV) industry. What do Indian suppliers with global ambitions in the BEV segment do to thwart this aggressive posturing by the Chinese?

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

battery-supply deal with China’s CATL, Car News China reports. In September, GM CEO Mary Barra told The Wall Street Journal that Ford’s partnership with CATL “could be the harbinger of Chinese domination of U.S. General Motors is negotiating a U.S. car manufacturing.” LFP battery tech originated in the U.S.,

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Trade wishes Treasury steerage on Inflation Aid Business’s EV sourcing laws, executives say

Baua Electric

31 on key provisions homogeneous to the Inflation Aid Business’s EV tax credit together with laws laid out beneath Category 30D. It remainder dense how the government plans to outline and put into effect the supply. “It’s important to recognize that there are Chinese investments all over the place,” she stated.

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This $1b EV nickel plant will be North America’s largest

Baua Electric

The company says that the plan aims to fill the gap in North America’s EV battery supply chain, which is packed with plenty of raw materials like nickel, copper, and lithium , but lacks the infrastructure to process and refine them. FTC: We use income earning auto affiliate links. Get started today!