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US Blacklists China Tech Giant Tencent and Tesla Battery Maker
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January 7, 2025
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3:55Now PlayingThe US has blacklisted Tencent and Contemporary Amperex Technology (CATL) for alleged links to the Chinese military. The blacklisting may disrupt the global electric-vehicle battery market, as CATL is a major supplier to Tesla and other automakers, and may escalate tensions between the US and China. Tencent and CATL have denied any ties to the Chinese military, and the US Pentagon's blacklist does not carry specific sanctions, but may discourage US firms from dealing with the listed companies. Bloomberg's Enda Curran discusses the news with Alix Steel and Paul Sweeney on Bloomberg Radio.
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