Here's how Washington's tag on China's CATL could affect Musk's Tesla

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Here's how Washington's tag on China's CATL could affect Musk's Tesla - Business Standard

Quick Summary:

CATL is also set to supply battery cells and packs to Tesla's Shanghai plant for Megapack, its energy storage product, people familiar with the matter said.

Tesla and CATL are working on an agreement to license CATL technology for battery production in Nevada.

CATL on Tuesday called the designation a mistake, saying it "is not engaged in any military-related activities." "CATL's role in the battery sector mirrors Huawei's in telecom.