Reliance races to get battery gear orders out of China ahead of export restrictions

MUKESH AMBANI'S RELIANCE Industriesis rushing to get its orders of battery components out of China ahead of new export curbs, two people briefed on the matter said, as concerns mount worldwide about how Beijing intends to enforceits widening export controlregime.

- REUTERS

A team from Reliance has travelled to China to speed up thework,one of the sources said.

Reliance and China’s Ministry of Commerce did not respond to a request for comment. The people declined to be named due to the sensitivity of the situation.

Chinese companies are world leaders in electric battery technologyand to maintain that competitive edge Beijing introduced new rules this month requiring companies to seek permission before exporting battery supply chain equipment. The new curbs take effect on Nov.8.