Post by
Manager123 on Nov 30, 2023 11:10am
Foreign Entity of Concern (FEOC) guidance from US treasury
“China’s long history of circumventing our trade laws and preying upon global markets must be stopped—that was the precise purpose of the sourcing requirements the IRA added to the Section 30D credit. China has routinely shown a blatant disregard for fair competition, unfairly leveraged state-sponsored investments, and wielded their market domination in key industries as a cudgel. China is currently responsible for 74 percent of the world’s cathode production, 92 percent of anode production, and 76 percent of lithium-ion battery cell production. They have cornered the market, and their recently announced export controls and reporting for rare earths, graphite, germanium, and gallium show they are ready and willing to weaponize that control to the detriment of the United States and the free world,” Chairman Manchin said in part.
https://www.energy.senate.gov/2023/11/manchin-calls-on-treasury-to-follow-the-law-and-protect-taxpayer-dollars-with-strict-foreign-entity-of-concern-standards
Comment by
Manager123 on Dec 01, 2023 9:06am
The update. https://www.reuters.com/business/autos-transportation/us-limit-chinese-firms-battery-parts-winning-ev-tax-credits-2023-12-01/