China has reinforced its control over the global electric vehicle battery industry by introducing new export licenses for crucial component manufacturing technologies.
In a review of a list of technology export restrictions, the China Ministry of Commerce has announced that the government will limit exports of technology used in the production of battery cathode materials and refining or processing of non -ferrous metals.
The new restrictions, proposed in January, will make it difficult to export crucial technologies for the production of batteries to electric vehicles and the processing of their essential raw materials. According to the Ministry, exports of these technologies will require approval from the Chinese authorities.
The initiative comes after Beijing squeezes the siege of rare land exports in recent years, shaking global supply chains and feeding concerns between western countries about the excessive dependence of China’s critical materials.
Fonte: Dow Jones Newswires*.
*Content translated with the aid of artificial intelligence, revised and edited by the Broadcast writing, Real -Time New Time News System.
