Republicans Seek CATL Banned from Contracts
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EV batteriesThe Hill
•Rubio, Michigan Republican ask Pentagon to blacklist world’s biggest EV battery maker from contracts
75% Informative
Sen. Marco Rubio (R- Fla. ) and House Select Committee on the Chinese Communist Party Chair John Moolenaar wrote a letter asking the Pentagon to add Contemporary Amperex Technology (CATL) to its entity list.
CATL holds a market share of about 37 percent for EV batteries and made more than $55 billion in 2023 .
The Biden administration has set ambitious goals for renewable energy deployment and for electric vehicle proliferation in the U.S ..
VR Score
78
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78
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36
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