Pelosi's Taiwan visit could impact Tesla's battery supplies

According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.

Photo: HANDOUT/AFP / Taiwan Presidential Office

Plans to build a battery factory worth billions of dollars have been postponed, report sources with close ties to the matter to Bloomberg News.

The world’s biggest manufacturer of lithium-ion batteries, Chinese CATL, has drawn up plans to build the huge factory, set to supply both Tesla and Ford with batteries for their electric vehicles. However, those plans have now been tentatively scrapped as a consequence of heightened tensions in the wake of US Speaker of the House of Representatives Nancy Pelosi’s visit to Taiwan.

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