Tesla discussed factory plans involving the Chinese firm with the White House in recent days, unnamed sources told Bloomberg.
That said, the planned arrangement with CATL would likely be controversial seeing as one of the main goals of the subsidies instated by the Inflation Reduction Act is to reduce dependence on China when it comes to the production and processing of battery materials by incentivizing a US-based supply chain for EVs.
The auto industry has been lobbying to influence how the US Treasury Department will interpret requirements in the Inflation Reduction Act. One specific clause that automakers have focused on is 30D, which is designed to withhold consumer tax credits for electric vehicles made with a certain amount of China-linked materials in their batteries.
As with Ford, Tesla is expected to get some political pushback as well to a deal with CATL, which is probably why the automaker is discussing the plans with the White House first. is using the $22 billion in cash it had available at the end of Q4 2022 to expand production and lower costs as it faces increased competition from legacy automakers and EV startups in global markets.
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