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.

The Indian government has launched a major program to promote homegrown technology in the fast-growing electric vehicle (EV) segment. The move comes as part of the country's larger plan to become self-reliant and cut dependence on foreign supply chains,

China's Ministry of Commerce is taking comment on a plan that would extend export restrictions to technology tied to the production of electric vehicle

China hopes it's found its leverage in the tech war with Washington. The country holds a dominant position in the processing of critical minerals like gallium and lithium. Chinese companies like battery giant CATL have also emerged as key suppliers to automakers around the world.