The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.

The automaker joins PT Vale Indonesia and Zhejiang Huayou Cobalt as investors in a project to make an annual 120,000 tons of nickel chemicals for EV batteries.

Geothermal waters in the Rhine Valley along the French-German border have attracted investments both for renewable energy and potential lithium resources.

This is a positive development for a nascent North American rare earths market and taps into the broader issue of the glaring lack of domestic production.

The CEO says the company is aware that the world’s eyes are on them.

The company will partner with Chengxin and Yahua, suppliers of lithium hydroxide to Tesla, BYD, and LG.

The investment comes as part of a $44 million Series B round of financing.

The company hasn’t yet addressed issues that led to property destruction and multiple deaths after flooding reached a nearby community in March, the government said.