China to curb exports of key EV battery material from Dec. 1

  • 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.

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