Leading authorities in the industry fear another chip shortage could soon hit electric vehicle (EV) manufacturers. This comes as China limits the export of two significant metals, a move driven by the ongoing trade dispute between Washington and Beijing, as reported by the Federation of Thai Industries (FTI).
As of August 1, China will impose trade restrictions on select products composed of gallium and germanium. These two elements play a crucial role in the manufacturing of chips and EVs. With this move, fears mount for potential disruptions to global supply chains and an escalation of the trade war with Washington.
While the statement from Beijing attributed this clampdown to concerns of national security, industry analysers interpret it as a counterblow to the alleged US initiatives aimed at thwarting China’s technological progress.
The easing of the…
