It noted that the latest round of funding will help it begin the site selection process for its first US-based battery factory. It said it will also accelerate R&D in Michigan and San Francisco.

CATL was designated as a “Chinese Military Company” on Monday by the US Department of ... aiming for 50% of all new car sales to be electric by 2030, a reliable battery supply is critical.

Shares of Japanese automakers and South Korean battery makers declined on Tuesday, after US President Donald Trump said he could impose tariffs ... some of Washington's closest allies in the region, ...