Chinese Top Battery Maker Halts N. American Plans After Pelosi Visit To Taiwan ...Middle East

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Chinese Top Battery Maker Halts N. American Plans After Pelosi Visit To Taiwan
source : OILPRICE ( Middle East ) () 21
Contemporary Amperex Technology Co. Ltd. (CATL), the biggest battery maker for electric vehicles and a supplier of Tesla, among others, is postponing the announcement of a multi-billion investment in North America as the U.S.-Chinese relations further soured with the visit of House Speaker Nancy Pelosi to Taiwan. CATL was prepared to announce plans for an EV battery manufacturing site in North America, but has now delayed that announcement, sources with knowledge of the developments have told Bloomberg. After days of speculation, the U.S. House…

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