Post #37

🇨🇳Asia captures key resources for electric vehicle production Thailand, Indonesia and China have stepped up exploration of lithium deposits. Their own reserves are small, so their interests extend beyond the region. China is already a leader in processing the key metal in battery production. But apparently, this is not enough. The market of "electromobile" metals may become Beijing's main lever of pressure on the United States, what would make the trade confrontation only gaining momentum. Moreover, the states' lagging behind China in lithium exploration and production is growing quite rapidly. Chinese electric cars continue to ruin interest in American brands. Because of this, the U.S. may raise duties on cars from China up to 100% as early as this week to dampen demand for competitors. But this in turn slows down the energy transition that the G7 countries are counting on. @CarsNews #EV