Lead Intelligent's Reaction: MOFCOM's Export Restrictions Pose Minimal Overall Effect on the Firm
4 day ago / Read about 0 minute
Author:小编   

On October 10, informed sources from Lead Intelligent indicated that the export control measures announced by the Ministry of Commerce (MOFCOM) would exert only a marginal overall influence on the company. The bulk of the company's international orders originate from the overseas operations of domestic battery producers and fall outside the purview of these controls. Moreover, the company typically refrains from conducting business with sensitive overseas regions and clients. It's crucial to note that this announcement exclusively addresses export controls and does not constitute a ban on exports. Export activities can continue unhindered, provided that the necessary permits are obtained, and such requirements have consistently been approved in the past. Furthermore, the majority of the company's orders this year are driven by the expansion requirements of its domestic clientele.