TENCENT and CATL have been added to the Pentagon's list of Chinese military-linked companies, triggering a 9.8 per cent drop in Tencent's US-listed shares, reports the NY Times.
The designation reflects ongoing US efforts to counter China's growing military influence.
CATL, the world's leading EV battery maker and a key Tesla supplier, controls 38 per cent of the global EV battery market and is now under increased scrutiny.
SeaNews Turkey
The designation reflects ongoing US efforts to counter China's growing military influence.
CATL, the world's leading EV battery maker and a key Tesla supplier, controls 38 per cent of the global EV battery market and is now under increased scrutiny.
SeaNews Turkey
