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EV Stocks Alert: China Just Issued A Key Blow To U.S. EV Makers

A major decision out of China is likely to have sweeping consequences for electric vehicle (EV) makers. In a clear effort to retain its global supply-chain dominance, the nation has placed severe restrictions on graphite exports. This is exactly what U.S. automakers don’t want to see, as it will lead to higher battery production costs. While Chinese companies in the space could easily receive a boost from this policy, EV stocks in the U.S. and Europe are likely to take a hit.

Does this news mean that investors should take the opportunity to offload EV positions before things take a turn for the worse? Let’s dive deeper into China’s recent decision.

This post appeared first on InvestorPlace.