CATL

US adds Tencent, CATL to list of 'Chinese military companies'

The U.S. Defense Department has added Chinese tech giant Tencent and battery manufacturer CATL to a list of companies it says are affiliated with Beijing's military.

Tencent's shares plummeted more than seven percent in Hong Kong on Tuesday, while CATL saw its shares in Shenzhen sink 5.2 percent.

Ford pauses work on $3.5 bn battery plant

Ford is halting work on a major battery plant in the northern U.S. state of Michigan, the automaker has said, just seven months after launching the project with a Chinese partner.

The stoppage, which a Ford a representative confirmed to AFP, comes as the company faces a major strike along with both of the other "Big Three" U.S. automakers, Stellantis and General Motors.