Two Republicans want Pentagon to add Chinese battery maker CATL to restricted list
Two top Republican lawmakers on Wednesday asked the U.S. Defense Department to add Chinese battery maker CATL (300750.SZ), opens new tab to a restricted list of companies allegedly working with Beijing’s military.Companies added to the list cannot receive U.S. military contracts and being added to the list carries significant reputational risks, experts say.
the vice chair of the Intelligence Committee, and Representative John Moolenaar, who chairs the House Select Committee on China, asked Defense Secretary Lloyd Austin to immediately place CATL — formally known as China’s Contemporary Amperex Technology Co — on the list
Senator Marco Rubio, saying:
it would also send a powerful signal to U.S. companies that are currently weighing partnerships with CATL.
The lawmakers said CATL has deep ties to the Chinese Communist Party and its military, and they argued
reliance on CATL batteries endangers U.S. national security by making us dependent on the CCP for energy infrastructure.
In February, under pressure from lawmakers, U.S. utility company Duke Energy (DUK.N), opens new tab said it plans to decommission energy-storage batteries produced by CATL at one of the nation’s largest Marine Corps bases and will phase out CATL products at its civilian projects.
Two Republicans want Pentagon to add Chinese battery maker CATL to restricted list, source
