Search results for 45X
Industry
Global regulation outpaces plant buildout, speeding up Korean anode materials shift
Korean anode materials makers are accelerating plans to localise synthetic graphite as a U.S. route for Chinese graphite shifts from high tariffs to tax credit eligibility requirements. With capacity expansions and long-term supply contracts largely concentrated in 2027, domestic cell makers have limited options to replace Chinese materials before then. Import prices have fallen, but U.S. 45X rules on prohibited foreign entities tighten from 2026.
Industry
Tesla to build $10.12 billion solar cell plant in Texas, hire 9,712 in major investment
Tesla has filed plans to build a $10.116 billion solar cell plant in Fort Bend County, Texas, and said it would hire 9,712 workers. The company applied for a 10-year property tax break under the Texas JETI program and set commercial production for the first quarter of 2029. The filing describes a fully vertically integrated facility producing cells and modules from polysilicon, but Tesla said Texas is not yet the final site.
Industry
LG Energy Solution posts Q2 operating profit of 113.3 billion won, down 77 percent year on year
LG Energy Solution said on Tuesday it posted second-quarter revenue of 7.56 trillion won and operating profit of 113.3 billion won. Revenue rose 24.8 percent from a year earlier, while operating profit fell 77 percent. The operating profit includes the effect of U.S. Inflation Reduction Act production subsidies. The company received 241.0 billion won in tax credits in the quarter; excluding them, it would have posted an operating loss of 127.7 billion won.
