U.S. wants China out of its EV battery supply chain, Reuters reports

The “generous” U.S. tax credits that are given “for investing in the U.S. electric vehicle, EV, supply chain,” will exclude Chinese entities, the White House made known, according to Reuters’ Andy Home. The new rules may have a “far reaching” impact given China’s dominant role in the EV battery supply chain, often with Western alliances, noted the Reuters’ story. Companies that may be impacted include: Albemarle (ALB), SQM International (SQM), Tower Hill Mines (THM), Lithium Americas (LAC) and Tesla (TSLA).