The transition to electric vehicles will happen far faster than is commonly understood. Legacy auto companies are not likely to be competitive in the brave new world of electric vehicles. China’s new export bans put pressure on the two US companies – Tesla and Rivian – best positioned for leadership in the EV market.
Beginning on December 1st, China released plans to restrict graphite exports that can be sent to the US. Graphite is a critical input in EV batteries. Citing secu
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