RT.com
03 Aug 2022, 23:43 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 InformationDhamtari (Chhattisgarh) [India], July 8 (ANI): The Pradhan Mantri Surya Ghar: Muft Bijli Yojana, launched by Prime Minister Narendra...
Cuddalore (Tamil Nadu) [India], July 8 (ANI): Two students lost their lives and three others, including two children and the driver,...
Texas [US], July 8 (ANI): More than 100 people have lost their lives due to catastrophic flooding across central Texas in the US, with...
Chandigarh [India], July 8 (ANI): Haryana Chief Minister Nayab Singh Saini on Monday shared information on various schemes started...
Mumbai (Maharashtra) [India], July 8 (ANI): Union Minister Piyush Goyal held a public grievance meeting in his Mumbai North Lok Sabha...
Tel Aviv [Israel], July 8 (ANI/TPS): Israel's Ministry of Transportation is promoting the establishment of a new slipway in the Eilat...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OMAHA, Nebraska: With Congress considering cuts totaling around US$1 trillion to Medicaid over the next decade, concerns are rising...
ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...