China proposes fresh export curbs on EV technology | Money [Video]

Hong Kong (CNN) — Beijing is planning to curb the export of technology used to extract minerals critical for the growth of the global electric vehicle (EV) industry, as a tech rivalry with Washington escalates ahead of the inauguration of US President-elect Donald Trump later this month.

China also wants to add battery cathode technology to its list of controlled exports, according to a notice published Thursday by the Commerce Ministry soliciting public comment, on top of the proposed restrictions on technology related to producing lithium and gallium.

If approved, as is likely, the new additions are expected to form a future round of export controls imposed by China on a slew of critical materials and the technology needed to produce them, which are crucial to manufacturing semiconductors and EV batteries.

The aim of the measure is “to strengthen technology import and export management,” the official Xinhua News Agency reported on Thursday.

Asked about the proposal Friday …