A worker stands outside a factory of Contemporary Amperex Technology Ltd (CATL) in Ningde, Zhejiang province, China. The company’s founder reportedly told participants at a recent meeting that CALT can switch to Chinese chips should US sanctions block its access to American chips. Photo: Reuters
Tesla battery supplier CATL said to downplay business risks of US sanctions in meeting
- The founder of CATL said Chinese foundries are capable of producing alternative chips for the company, according to Chinese media reports
- The EV-battery maker denied rumours that it was seeking professional advice on the possibility of being subject to US sanctions
A worker stands outside a factory of Contemporary Amperex Technology Ltd (CATL) in Ningde, Zhejiang province, China. The company’s founder reportedly told participants at a recent meeting that CALT can switch to Chinese chips should US sanctions block its access to American chips. Photo: Reuters
