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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

And the company recently announced plans to raise $9 billion in a private placement for future expansion. Four of these companies — BYD, NIO, Xpeng, and Li Auto — are publicly traded on US stock exchanges and it is expected that we will see some of them enter the US market in the next few years. NIO ec6 – Source: NIO.