LG Chem has secured a shareholder structure to comply with U.S. Inflation Reduction Act (IRA) rules by bringing Japan's Toyota Tsusho in as the second-largest shareholder of its Gumi cathode plant, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.
According to S&P Global Commodity Insights, the passage of the 2022 Inflation Reduction Act in the US marked the initiation of this transformative period, challenging traditional expectations and catalysing substantial capital flows.
According to S&P Global Commodity Insights, despite encouraging the inclusion of U.S.-sourced battery metals such as lithium, cobalt, and nickel in tax credit-eligible EVs, low domestic production levels are expected to keep the U.S. reliant on foreign producers.
US President Joe Biden on Friday riding on the Inflation Reduction Act and other measures, affirmed that the US was ready to take back the leadership of fighting a warming planet.
As teh mid-term polls went underway in the US, President Joe Biden attacked the Republican Party for not focusing on foundational programs like Medicare and Social Security.
Seoul [South Korea], September 29 (ANI): The South Korean government has announced a number of strategies for its automobile industry, including private investment worth more than 95 trillion in the country's automobile industry over the next five years.