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Caixin Global
Caixin Global
Business
Wang Xintong

U.S. Lawmakers Accuse CATL of Aiding Chinese Military

CATL United States China DoD

What’s new: Two U.S. lawmakers have urged the Department of Defense (DoD) to “immediately” place Chinese battery giant Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ) on a list of companies allegedly aiding China’s military.

While the list doesn’t carry sanctions or other direct penalties, it is expected to restrict access to some defense contracts.

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