Apart from being an auto supplier, the company also is the world’s second-largest battery maker.

Source: https://jalopnik.com/chinese-automaker-believes-inflation-reduction-act-keep-1850534399

Chinese battery maker Gotion has announced a $2.4 billion project to make battery materials in Big Rapids, Michigan, starting in 2025.

Source: https://www.channelnewsasia.com/business/electric-cars-take-makers-pledge-113-billion-us-lithium-iron-phosphate-3579521?cid=cna_flip_070214

In addition, I believe Tesla will continue to become more vertically integrated and the company has plans to build a battery plant alongside Chinese battery maker CATL.

Source: https://seekingalpha.com/article/4592098-tesla-record-q1-delivery-numbers-and-undervalued-intrinsically?source=feed_all_articles

On the battery side, we have cleared the first hurdle with our Gen 4 development by securing a supply agreement with CATL, the world’s largest EV battery maker for the long-term procurement of CapEx and related products for our Gen 4 vehicles.

Source: https://seekingalpha.com/article/4591110-phoenix-motor-inc-pev-q4-2022-earnings-call-transcript?source=feed_all_articles