Chinese firms ramp up investment in South Korea to get US EV tax credits
Published on: Sunday 30 July 2023
Chinese battery materials firms are ramping up investment in South Korea, announcing projects worth at least $4.4 billion this year to try to meet U.S. electric vehicle (EV) tax credit rules aimed at lowering reliance on China's supply chains.
News source: https://www.reuters.com/technology/chinese-firms-ramp-up-investment-skorea-get-us-ev-tax-credits-2023-07-31/
