CATL delays plant announcement after Pelosi visits Taiwan

Chinese electric vehicle battery maker Contemporary Amperex Technology (CATL) has decided to delay announcing the construction of a new plant in North America following US House Speaker Nancy Pelosi’s visit to Taiwan this week. , according to local reports that have an unnamed source close to the company.

Pelosi, currently the third U.S. government official and the most senior to visit Taiwan in more than 25 years, landed in Taiwan’s capital Taipei on Tuesday evening. Beijing, which claims the island as an integral part of its territory, reacted angrily to her visit, saying it was a violation of its national sovereignty.

It was clear that CATL had decided to postpone the announcement of a multi-billion dollar investment in a plant in North America to supply EV batteries to Tesla and Ford until September or October, amid political tensions caused by the visit. to Pelosi.

The company had chosen to wait for the political temperature between China and the US to cool down a bit before making the announcement.

It was reported last month that CATL is considering Mexico as the site for this expansion into North America, where LG Energy Solution, SK On, Samsung SDI and Panasonic have announced key strategic partnerships and investments over the past year.

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