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Impact on Tesla's supply chain from CATL's U.S. designation by end of 2025
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Story
U.S. Labels Tencent and CATL as Chinese Military Companies on January 10, 2025; Tencent Threatens Legal Action
Jan 11, 2025, 05:24 PM
The U.S. Department of Defense has designated Tencent, the world's largest gaming publisher, and CATL, a major battery supplier for Tesla, as Chinese military companies. This classification has raised concerns and prompted Tencent to assert that it is not affiliated with the Chinese military. The company has indicated a willingness to pursue legal action against the U.S. government to contest its inclusion on the blacklist. The implications of this designation are significant for both companies, as they navigate the complexities of U.S.-China relations and the impact on their business operations.
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