Chinese electric vehicle (EV) and battery producers are cautiously optimistic following Donald Trump's election victory, despite concerns over potential tariff hikes and changes to the Inflation Reduction Act (IRA). Industry sources indicate that while Trump may threaten to repeal the IRA, which supports EV development in the U.S., his relationship with Tesla's Elon Musk could mitigate drastic policy shifts. Many believe bipartisan resistance exists against repealing the IRA due to its economic benefits. However, potential 60% tariffs on Chinese imports could harm China's export volumes and prompt local manufacturing efforts. Some producers remain wary of the unpredictability surrounding Trump's presidency and its impact on EV demand and market stability.