![](https://i.imgur.com/CLvY2jA.png")
23-01-2024, 09:12 AM
Hyundai Motor called on the U.S. government to provide a temporary Inflation Reduction Act (IRA) exemption, stating that not sourcing raw materials from China is "unrealistic" currently.
The Korean automaker demanded a temporary exemption on a limited number of critical materials such as graphite considering that countries like China are already dominating the supply chain, according to its statement to the U.S. government.
Korean battery makers are also constantly complaining about the regulations, demanding the U.S. government make a change or offer a grace period.
SK On demanded it postpones the rule until Jan. 2027 for it to find an alternative supply chain, mainly graphite.
LG Energy Solution has requested exemptions for certain materials from the tariff list. Specifically, materials that constitute less than 10 percent of the total value, such as cobalt and graphite.
https://koreajoongangdaily.joins.com/new...RA/1964017
The Korean automaker demanded a temporary exemption on a limited number of critical materials such as graphite considering that countries like China are already dominating the supply chain, according to its statement to the U.S. government.
Korean battery makers are also constantly complaining about the regulations, demanding the U.S. government make a change or offer a grace period.
SK On demanded it postpones the rule until Jan. 2027 for it to find an alternative supply chain, mainly graphite.
LG Energy Solution has requested exemptions for certain materials from the tariff list. Specifically, materials that constitute less than 10 percent of the total value, such as cobalt and graphite.
https://koreajoongangdaily.joins.com/new...RA/1964017
