Launched in August 2016, Yicai Global is the English-language news service of Yicai Media Group, the financial news arm of Shanghai Media Group, which is one of China’s largest state-owned media conglomerates. Focused primarily on China’s business world, Yicai Global is dedicated to provide reliable and insightful information and analysis of the economy, finance, tech, startups, and entrepreneurs.
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Chinese carmakers are claiming the EC asked for battery chemistries. That’s like… The secret sauce lmao
The Chinese companies at the meeting reportedly said the European Commission had asked them for the detailed chemical composition and formulas of battery raw materials, including the exact amount of each major raw material, such as lithium ferrous phosphate, graphite, copper, and aluminum. The EC also required information on suppliers and procurement of raw materials, which are considered the lifeblood of the electric vehicle industry, per the report.