China Tightens Grip on EV Tech Exports Amid US Rivalry
2025-01-03
CNN on MSN.com
In a move to bolster its position in the global electric vehicle market, China is set to impose fresh export restrictions on technology used to extract critical minerals, escalating its tech rivalry with the US. As the EV industry continues to grow, China's dominance in the supply chain is expected to have significant implications. With the inauguration of US President-elect Donald Trump looming, tensions between the two nations are on the rise, sparking concerns over the future of the global EV sector and the impact of trade restrictions on electric vehicle manufacturing. Key minerals like lithium and cobalt are crucial for EV production.
