US aims to limit China's role in electric cars The US has unveiled rules aimed at keeping Chinese components out of electric cars sold in the country.
Starting in 2024, the law also barred cars from eligibility for tax credits if they contain battery components manufactured or assembled by a "foreign entity of concern".
By 2025, the restrictions will expand to cars that contain critical materials extracted, processed or recycled by such an entity.
The proposal announced on Friday says the government will define a "foreign entity of concern" as a company headquartered in or owned or controlled by China, Russia, Iran or North Korea.
https://ca.finance.yahoo.com/news/us-aims-limit-chinas-role-161052567.html
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These newly released rules will materially increase the value of NEO's ex-China REE operations. The case for a takeover of the company by an operator that can fund NEO’s magnet expansion in the US, on top of its ongoing in Europe, has just strengthened by an order of magnitude. Hence, the notable rebound in the shares today.