China puts new restrictions on EV battery technology in latest move to consolidate dominance | CNN Business

Hong Kong CNN  — 

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.

Several technologies used to manufacture EV batteries and process lithium, a critical mineral for batteries, were added to the government’s export control list.

Inclusion on the list means transferring the technologies overseas – such as through trade, investment, or technological cooperation – will require a government-issued license, according to a statement by the country’s Commerce

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