The Communist Party of China (CPC) said any efforts by the U.S. and its partners to reduce their dependence on Chinese critical resources used to manufacture electric vehicle batteries is “futile and will backfire.”
The CPC’s typically acerbic comments came in response to U.S. Trade Representative Katherine Tai’s remarks over the weekend that the U.S. and UK made “significant progress” towards finalizing a critical minerals agreement to build alternative supply chains for cobalt, nickel and other raw materials needed to power EVs.