US Lawmakers To Dissuade Automakers From China Reliance: Report
Portfolio Pulse from Shivani Kumaresan
US lawmakers are urging General Motors (GM) and Ford (F) to reduce their dependence on China, particularly for electric vehicle batteries. The $430 billion Inflation Reduction Act aims to dissociate US EV production from Chinese supply chains through new conditions on EV tax credits.
June 20, 2023 | 12:44 pm
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NEGATIVE IMPACT
US lawmakers are urging Ford to reduce its dependence on China for electric vehicle batteries, which may impact the company's supply chain.
Reducing dependence on China for EV batteries may lead to disruptions in Ford's supply chain, potentially increasing costs and affecting production. This could negatively impact Ford's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
US lawmakers are urging General Motors to reduce its dependence on China for electric vehicle batteries, which may impact the company's supply chain.
Reducing dependence on China for EV batteries may lead to disruptions in GM's supply chain, potentially increasing costs and affecting production. This could negatively impact GM's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80