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.

The Indian government has launched a major program to promote homegrown technology in the fast-growing electric vehicle (EV) segment. The move comes as part of the country's larger plan to become self-reliant and cut dependence on foreign supply chains,

China's Ministry of Commerce is taking comment on a plan that would extend export restrictions to technology tied to the production of electric vehicle

China is planning to impose new export restrictions on technologies used to extract minerals vital for the global electric vehicle (EV) industry, signalling an escalation in its ongoing tech rivalry with the United States,

China hopes it's found its leverage in the tech war with Washington. The country holds a dominant position in the processing of critical minerals like gallium and lithium. Chinese companies like battery giant CATL have also emerged as key suppliers to automakers around the world.