Several major automakers are considering moving some parts of production to China in response to the country’s export controls on rare-earth magnets that are vital to car manufacturing, The Wall Street Journal reports.
The companies, which are not named in the article, include multiple traditional and electric-vehicle manufacturers who say they could face factory shutdowns if they’re unable to obtain rare-earth magnets.
China in April announced new export restrictions on rare-earth magnets and other elements used in a wide range of industries in response to President Donald Trump’s tariffs on most Chinese products.
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