RT.com
04 Aug 2022, 04:13 GMT+10
Battery maker CATL reportedly puts US factory plans on hold
China's CATL, the world's largest battery maker, will delay a decision on building a multibillion-dollar factory in the US, due to the controversial visit by House Speaker Nancy Pelosi to Taiwan, Bloomberg reported on Tuesday.
Contemporary Amperex Technology Co (CATL) was expected to announce its choice for a site in the US in the coming weeks, but will now wait until September or October, Bloomberg quoted sources familiar with the matter as saying.
It was reported in May that CATL was in the final stages of vetting locations to build electric vehicle batteries that would supply Ford, Tesla and BMW. Potential sites were said to include South Carolina and Kentucky, where those automakers have assembly plants. Locations in Mexico are also reportedly under consideration.
Tuesday's visit to Taiwan by US House of Representatives Speaker Nancy Pelosi was strongly condemned by China, which views the island as its sovereign territory. Beijing branded Taiwan and the US "destroyers of peace" on the same day.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationNew York [US], August 19 (ANI): UN chief Antonio Guterres on Friday expressed his deep concern over a series of ...
cairo - Algeria's civil protection authority said Thursday that the death toll from forest fires raging in at least 26 ...
Your education has a huge effect on your life chances. As well as being likely to lead to better wages, ...
Faced with the winds of social change, Immigration, Refugees and Citizenship Canada (IRCC) redefined family reunification to include same-sex couples ...
algiers, algeria - Wildfires raging in the forests of eastern Algeria have killed at least 37 people and wounded 161 ...
Siliguri [Assam], August 18, (ANI): Defence minister Rajnath Singh paid homage to the military personnel who lost their lives, during ...
DHAKA, Bangladesh - Michelle Bachelet has urged the Bangladesh government to establish an independent investigation into allegations of enforced disappearances. ...
LONDON, England: Despite a legal challenge in London's High Court in early September, the UK government is continuing to pursue ...
NEW DELHI, India: During his national day address this week, Prime Minister NarendraModi said India will seek to become a ...
LONDON, England: The cap on flight departures from London's Heathrow Airport will beextended until October 29, airport officials announced.Heathrow capped ...
BERLIN, Germany: Highlighting Berlin's increasing focus on assisting in the Indo-Pacific region amidst rising tensions with China over Taiwan, Germany ...
PARIS, France: French firefighters have stopped the spread of a "monster" wildfire in the country's southwest, allowing the reopening of ...