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Stock impact report

China proposes fresh export curbs on EV technology [Yahoo! Finance]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
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, the new additions would 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. Asked about the proposal during a regular press conference on Friday, Mao Ning, a spokesperson for the Foreign Ministry, said: “What we can tell you as a principle is that China implements fair, reasonable and non-discriminatory export control measures.” The plan was announced a month after China banned outright the sale of a number of materials crucial for the Show less Read more
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