Beijing denounces Biden administration's battery proposal
China has criticized the Biden administration's plans to limit Chinese content in batteries eligible for electric vehicle tax credits, calling it a violation of trade norms. The plans would make investors in the US electric vehicle supply chain ineligible for tax credits if they use critical materials from China or countries deemed a "Foreign Entity of Concern." China's dominant position in the global battery supply chain has prompted concerns from US and European officials. However, analysts question the scale of the risk and argue that the measures may not match the rhetoric.
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FAQ: Beijing denounces Biden administration's battery proposal - Fox News
1. What is the Biden administration's plan for the battery supply chain?
The Biden administration released a Blueprint as part of a 10-year, whole-of-government plan to urgently develop a domestic battery supply chain. This aims to codify the findings of the battery supply chain review. Source
2. How is the Biden administration balancing relations with China over battery technology?
The administration appears to be walking a tightrope with Chinese battery technology rules, especially with the backlash against Ford Motor Co.’s plan to use Chinese technology in its vehicles. Source
3. What investments have been announced by the Biden-Harris Administration to secure a Made in America supply chain?
Major investments announced include sourcing high-grade nickel from Talon Metals for EV batteries and a push for developing green technology, with Ford receiving $9.2 billion for an EV battery plant. Source, Bloomberg Article
4. What are the concerns related to the Ford and CATL battery partnership?
U.S. House committees are investigating the partnership due to potential reliance on Chinese technology. There is congressional scrutiny over the implications for U.S. competitiveness and security. Source
5. Does the Biden administration have any plans to challenge China's dominance in clean energy?
As per an S&P Global report, the Biden administration's climate investment plan is set to challenge China's dominance in the clean energy sector, although no formal policy response has been articulated from Beijing as of the provided information. Source
6. Are there new rules affecting electric vehicle tax credits?
Yes, the Biden administration proposed new rules which may make many electric cars ineligible for tax credits, especially if they use batteries made in China. Source
7. How is the U.S. addressing concerns over imports of auto parts and potential forced labor in China?
EV battery imports are being scrutinized under U.S. law regarding Chinese forced labor, emphasizing both solar energy and battery-powered EVs as critical industries in the administration’s initiative to shift the U.S. towards renewable energy. Source
Remember that these FAQs are based on information available up to my last update, and new developments might have occurred since then. For the latest and specific responses from Beijing to the Biden administration's proposals, please refer to the latest news sources directly.