China Tightens Grip on EV Tech Exports Amid US Rivalry
Beijing is set to impose new export restrictions on critical mineral extraction technology, a move that could impact the global electric vehicle industry. As tensions rise with the US, China is taking steps to protect its tech sector ahead of the US President-elect's inauguration. The curbs may affect the supply chain of key minerals, including lithium and cobalt, used in EV batteries. This development could have significant implications for the future of the EV market, with Industry 4.0 and sustainable energy solutions hanging in the balance. The tech rivalry between China and the US is escalating, with electric vehicles and renewable energy at the forefront. Key players in the EV sector are bracing for potential disruptions to their supply chains, as China's export curbs threaten to slow the growth of the global electric vehicle market, including eco-friendly transportation and green technology.
