- October 20, 2023
- Posted by: admin
- Category: Daily News
- China announced on Friday that it will require export permits for graphite, a key material for electric vehicle (EV) batteries, starting Dec. 1. The country is the world’s top graphite producer, and the move could spur procurement difficulties for global EV makers.
- The European Union has launched an investigation into whether Chinese-made EVs have unfairly impeded competition by being sold at low prices through subsidies. “We take the export restrictions as a deterrent to the EU investigation,” said a source at European business.
- Western auto giants are already rushing to secure new suppliers before China officially implements its export restrictions.