The Trump administration has introduced a major tariff that could make it more expensive to build electric vehicles (EVs) in the United States. A 93.5% tariff has been placed on graphite imports from China, a raw material that is vital for making EV batteries. This decision could lead to higher costs for American automakers, especially as they rely heavily on Chinese graphite.
In the meantime, entities like Mullen Automotive Inc. (NASDAQ: MULN) that focus on electric vehicle making have to contend with having the…
NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN
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