China's move may make EVs an even more important issue in the upcoming presidential campaign.
to serve as the anode material batteries for electric vehicles due to its relatively low-cost and energy density.and require export permits for some graphite products to protect national security.
Beijing requires the export permits at a time when many foreign governments are ratcheting up pressure on Chinese companies over their industrial practices.and could be a substantial setback for a burgeoning industry. Last year, China mined 850,000 tons of natural graphite, about 65% of the world’s total production. The country also processed most of the battery-grade spherical graphite.
Why is GM taking what seems like a drastic action? Diminished demand for new EVs, the automaker says, among other engineering challenges. GM says that demand is so down, in fact, that it is diverting 1000 employees from its Orion Assembly plant in Lake Orion, Michigan , to other Michigan assembly facilities.
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