China Announces New Restrictions on Electric Vehicle Battery Technology to Rein in Global Market

China, in an apparent effort to strengthen its place as the dominant supplier for electric vehicle (EV) battery technologies, recently implemented new export restrictions on key EV battery technologies such as advanced materials and production equipment essential for lithium-ion and solid state batteries. The Ministry of Commerce and Science and Technology this week unveiled new rules stating that companies looking to export certain battery technologies must now undergo a stringent licensing process and government review. These technologies include cathode materials, electrolyte formulations and high performance anode composites. China is the world’s top producer of electric vehicle batteries, accounting for more...

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