China plans to curb exports of minerals and battery technology—key to your EVs and electronics [Fortune]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
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Source: Fortune
Chinese companies like battery giant CATL have also emerged as key suppliers to automakers around the world. Now, Beijing may be leaning into that dominance to respond to U.S. moves denying access to semiconductors and other advanced technologies. Related Video On Thursday, China's Ministry of Commerce proposed new restrictions on exports of technology used to make battery cathodes, as well as those used to process gallium and lithium, key minerals used for electronics and electric vehicles. One proposed restriction concerns lithium iron phosphate batteries, which are used in several EV models including those from Tesla and BYD. The commerce ministry is now seeking public comment on the new rules until Feb. 1, according to state news agency Xinhua. If these rules are implemented, it would just be the latest in a series of Chinese export restrictions targeting critical minerals and the technologies to process them. Last month, Beijing banned the export of gallium, germanium,
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