US clarifies Foreign Entity of Concern rules
The US Department of Energy has clarified its guidance around what constitutes a Foreign Entity of Concern (FEOC) from the point of view of the Bipartisan Infrastructure Law (BIL) and the IRA. An entity is a FEOC if it is “owned by, controlled by, or subject to the jurisdiction or direction of a government of a foreign country that is a covered nation.” In this instance ownership is defined according to a 25% threshold. The FEOC restrictions will apply to battery components in 2024, then include suppliers of key battery raw materials, such as nickel and lithium, in 2025. So,...
Topics
Cathodes
CATL
Cells
China
EVs
Ford
IRA
Raw Materials
US
