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China Tightens Grip on EV Technology Exports Amid US Tensions

2025-01-03

technology

China Tightens Grip on EV Technology Exports Amid US Tensions

In a move to bolster its position in the global electric vehicle (EV) market, China is proposing new export restrictions on cutting-edge technology used to extract essential minerals, such as lithium and cobalt, crucial for EV battery production. As tensions with the US continue to escalate, this strategic decision is seen as a key component of China's plan to maintain its dominance in the EV industry, particularly with the impending inauguration of US President-elect Donald Trump. The proposed curbs are expected to impact the global EV supply chain, potentially hindering the growth of electric vehicle manufacturing in the US and other countries. With the world shifting towards sustainable energy solutions, China's control over critical EV technology and minerals is poised to Play a pivotal role in shaping the future of the industry. Key players in the EV sector, including Tesla and General Motors, may need to reassess their supply chains and manufacturing strategies in response to these developments. As the global EV market continues to evolve, China's move is likely to have far-reaching implications for the industry's growth and competitiveness, with electric vehicle technology and renewable energy emerging as critical factors in the US-China trade dynamics. ...Read more

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