I agree, @nithin_Shenoy
Both the companies are competing for the same product. It looks like the product is solid and few players only exist in the space currently
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But also it looks it’s due to the new macro trend of USA which is “foreign entities of concern”
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Due to that cars reduced from 43 to 13 Which can be availed for US tax credit and the trend intensifies in 2025 even more which is leading to new countries other than china entering the battery manufacturing space for the US market which is reason I think both the companies entering to produce these new battery chemicals
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