China has renewed a trade-in subsidy of up to 20,000 yuan ($2,730) to help underpin sales of fuel-efficient vehicles, including electric cars and hybrids.

The Pentagon is banning a number of Chinese technology firms, including CATL, the world’s largest EV battery manufacturer, which provides batteries to Tesla.

The world’s biggest maker of electric-vehicle batteries and a supplier to Tesla has been meeting banks in recent weeks as it draws up plans for a secondary listing in Hong Kong. The initial public offering would give it access to offshore funds as it seeks to expand overseas, and Morgan Stanley has estimated it could raise up to $7.7bn.

But spokesman Mark Truby noted that the Marshall site will be a Ford-owned plant with Ford employees. In the past, Ford has said that it believes licensing the technology from CATL and manufacturing the batteries in Michigan will support a strong U.S. manufacturing base and is preferable to importing batteries from China.

A key partner for Elon Musk’s Tesla is threatening to sue the U.S. government over the Pentagon’s decision to blacklist it from federal contracts, blasting it as a “mistake.”

The Department of Defense on Monday added the battery giant CATL to its list of "Chinese military companies" operating in the United States.

South Africa's introduction of a tax incentive aimed at attracting electric vehicle (EV) and hydrogen-powered vehicle production has positioned the country as a potential hub for Chinese automakers. President Cyril Ramaphosa signed the tax amendment into law on December 24,

Battery / EV Metals Price BMI Lithium Carbonate, EXW China, >=99.2% Li2CO3 10,150 BMI Lithium Hydroxide, EXW China, >=56.5% LiOH 9,375 BMI Cobalt Sulphate, EXW China, >20.5% Co 3,502 BMI Nickel Sulphate, EXW China, >22% Ni 3,520 BMI Flake Graphite, FOB China, -100 Mesh, 94-95% C 435

Japanese trading house Marubeni has invested $5 million in British electric vehicle battery recycler Altilium and will help it to scale up operations, the companies said on Tuesday.

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.

Porsche's aggressive discounts on the Taycan EV highlight a significant drop in demand, impacting the automaker's profitability and raising concerns about the future of the luxury EV market.