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<Research>Citi: CATL (300750.SZ) US Mkt Biz Limited to Licensing Battery Tech to Auto OEMs
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CATL (300750.SZ) was added to the US Department of Defense's list of companies cooperating with Chinese military, according to a research report made by Citi Research. The inclusion on the Section 1260H list will not involve an immediate ban, Reuters said. However, it is a potential warning to US companies about the risks of conducting business with CATL. CATL's presence in the US market is limited to licensing its battery technology to auto OEMs, including Ford Motor Company (F.US) and Tesla (TSLA.US), Citi Research added. In accordance with the filing of US Department of Defense, entities which are included on the list can request a reconsideration of this decision to be removed from the list. AAStocks Financial News |
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