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China puts new restrictions on EV battery technology in latest move to consolidate dominance
China has put export restrictions on technologies critical for producing electric vehicle batteries, in a move to consolidate its dominance in the sector that has contributed to the country’s lead in the global EV race.
China has put export restrictions on technologies critical for producing electric vehicle batteries, in a move to consolidate its dominance in the sector that has contributed to the country’s lead in the global EV race. The new controls mirror similar restrictions introduced just three months ago on certain rare earth elements and their magnets – critical materials used not only in EV production, but also in consumer electronics and military equipment such as fighter jets. China’s CATL, the world’s largest EV battery producer and a key supplier of Tesla, has plants in Germany and Hungary and has plans for a joint venture factory in Spain with Stellantis, the owner of Fiat and Chrysler.
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