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Stock impact report

China proposes fresh export curbs on EV technology [CNN]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
Company Research Source: CNN
electric vehicle (EV) industry, as a tech rivalry with Washington escalates ahead of the inauguration of US President-elect Donald Trump later this month. China also wants to add battery cathode technology to its list of controlled exports, according to a notice published Thursday by the Commerce Ministry soliciting public comment, on top of the proposed restrictions on technology related to producing lithium and gallium. If approved, as is likely, the new additions are expected to form a future round of export controls imposed by China on a slew of critical materials and the technology needed to produce them, which are crucial to manufacturing semiconductors and EV batteries. The aim of the measure is “to strengthen technology import and export management,” the official Xinhua News Agency reported on Thursday. Asked about the proposal Friday during a regular press conference, Mao Ning, a spokesperson for the Foreign Ministry, said: “What we can tell you as a principle is that Show less Read more
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