💨 Abstract

The U.S. Department of Defense has added Contemporary Amperex Technology Co Ltd (CATL), a Chinese battery maker and major supplier to Tesla, to a list of companies tied to China's military. This designation, while not imposing immediate restrictions, could affect Tesla's business and reputation, as CATL supplies batteries to Tesla's Shanghai factory and is involved in a licensing agreement for battery production in Nevada.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖