31.1 C
Delhi
Monday, September 26, 2022

US Welcomes Belarus Release of Journalist, Urges More

https://ift.tt/QmutEJF United States on Sunday welcomed the...

US Spy Satellite Launched into Orbit from California

https://ift.tt/NEtSzWd classified satellite for the U.S. National...

Tropical Storm Ian Strengthens as it Heads to Cuba, Florida

https://ift.tt/r0qMwPn and residents in Florida were keeping...

Chinese firm responds to Pelosi’s visit to Taiwan – Bloomberg

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.


READ MORE: China slaps trade restrictions on Taiwan

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

https://ift.tt/eaXu9yJ 03, 2022 at 05:33PM
from RT – Daily news

Support Us

Secured by Paypal

Related Stories

Check out other tags:

Most Popular Articles