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China's lithium battery firms set up shop in the US despite IRA 2022

Nuying Huang, Taipei; Julie Chang, DIGITIMES Asia Wednesday 13 September 2023 0

Credit: CATL

The tax incentives of the US Inflation Reduction Act of 2022 (IRA) are luring lithium battery supply chains to swiftly set up shop in the country, gradually disrupting the initial natural monopoly led by Korean lithium battery giants and US automakers...

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