The Electric: U.S. Officials Leave a Door Ajar for Chinese Battery Companies in the U.S.

Leading U.S. officials appear open to allowing some Chinese companies to receive U.S. tax credits and other incentives approved by Congress to encourage the creation of a U.S.-led battery supply chain independent from China.

The question of Chinese eligibility for the approximately $250 billion in incentives that take effect next year is a political minefield: Chinese companies control most of the global production of electric vehicle batteries and the processing of the metals that go inside, and having access to some of that supply will be necessary for the U.S. EV industry to take off.