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WSJ Tech News Briefing

TNB Tech Minute: GM Signs Multibillion-Dollar Deal for EV Battery Materials

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 15 January 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus, the U.S. further tightens chip restrictions on Chinese companies. And the European Union doubles down on enforcing its tech regulations. Belle Lin hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Capital Ideas, Conversations with Mike Gitlin from Capital Group, features our top investment professionals sharing what drives them in today's market.

0:08.4

Get stories and actionable insights. Subscribe wherever you get your podcasts. Capital Client Group, Inc.

0:16.3

Here's your T&B Tech Minute for Wednesday, January 15th.

0:21.3

I'm Bell Lynn for the Wall Street Journal.

0:24.4

General Motors has signed a multi-billion dollar deal with Norway's Vianode

0:28.9

for the delivery of a material critical for electric vehicle batteries.

0:33.8

Vianode will supply synthetic anode graphite that will be used in next-generation EV batteries produced by ultium cells, GM's battery joint venture with LG Energy Solution.

0:45.5

The Norwegian company will build production facilities in North America and be ready to start shipping the material in 2027, with the deal running through 2033.

0:56.0

The companies did not provide further financial details.

0:59.9

The Biden administration is rolling out a flurry of new restrictions on Chinese companies

1:05.3

and their access to advanced chips.

1:08.5

It's part of the administration's last ditch effort to clamp down

1:12.5

on China's ability to harness artificial intelligence for its military and tech sector. The latest

1:19.0

rules tighten oversight on chipmakers that ship advanced semiconductors to China, requiring them to seek

1:25.7

licenses for transactions unless the chip's performance falls

1:29.2

below a certain technical threshold. The restrictions also put more than two dozen new entities

1:34.8

on a trade blacklist. China's Commerce Ministry spokesperson said in a statement before the release of

1:40.8

the latest rules that China was, quote, strongly dissatisfied and firmly opposed

1:46.1

to the recent trade restrictions by the Biden White House. And the European Union will

1:51.9

fully enforce its own laws designed to regulate big tech, according to the European Commission.

1:57.8

The comment came in a press conference today from its executive vice president

2:02.3

in charge of technological sovereignty, security, and democracy. Tech executives in recent days

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