A key partner for Elon Musk’s Tesla is threatening to sue the U.S. government over the Pentagon’s decision to blacklist it from federal contracts, blasting it a “mistake”.
CATL is licensing its battery technology to Ford for its planned $3.5 billion battery plant. News of CATL being added to the list slashed its market value by roughly $4.4 billion. CATL, the world’s ...
The Pentagon has added major Chinese tech firms, including Tencent and CATL, to its list of companies it says have ties to China’s military. (Kiichiro Sato/AP) HONG KONG — The U.S. Defense ...
Shares of Tencent Holdings sank 7% in Hong Kong trading Tuesday after the WeChat parent was added by the U.S. Department of ...
The U.S. Defense Department said on Monday it has added Chinese tech giant Tencent Holdings and battery maker CATL to a list ...
The head of CATL said last year that the battery manufacturer was also working with Elon Musk to build fast-charging EV batteries. The Pentagon designation does not directly affect CATL's and ...
CATL, the Chinese EV battery maker, said it was "not engaged in any military-related activities." CATL supplies Tesla, run by Trump ally Elon Musk. U.S. lawmakers had pushed the Pentagon throughout ...
Others — such as Tencent and CATL — have not faced sanctions but have come under increasing scrutiny from U.S. lawmakers in recent years as they expand their American operations. The Pentagon ...
CATL similarly described its inclusion as "a mistake" as it "is not engaged in any military-related activities," CNBC News reported. The Pentagon published the updated Section 1260H list on Monday ...
Geopolitical risks are already playing out On Monday, the Pentagon designated two high-profile tech companies — Tencent and CATL — as Chinese military companies operating in the US.
The Pentagon has added five Chinese companies including Shenzhen-based tech giant Tencent and the world's biggest battery maker CATL to a list of mainland firms that Washington believes pose ...