The addition of Contemporary Amperex Technology Co., Limited (CATL) to a Chinese military-linked entities list has thrust Tesla’s reliance on the Chinese battery giant into the spotlight. While the designation currently imposes no direct sanctions,

Ford has a licensing agreement to manufacture electric vehicle batteries with technology from a Chinese company that's under scrutiny at the Pentagon.

The U.S. Defense Department has added major Chinese technology companies including gaming and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker CATL to its list of companies it says have ties to China’s military.

Tencent Holdings and Contemporary Amperex Technology Co. Ltd. (CATL) have faced significant stock declines following their recent designation as “Chinese military companies” by the U.S. Department of Defense (DoD).

The Pentagon recently added Tesla’s battery suppliers, Contemporary Amperex Technology, and Tencent to its list of companies with ties to the Chinese military. While the designation has minimal direct business impact,

The US Department of Defense has identified 134 companies operating in the United States that it claims are aiding China’s military ambitions. The updated full list, released on Tuesday, includes 57 parent firms and 77 subsidiaries spanning industries like aerospace,

CATL is licensing its battery technology to Ford for its planned $3.5 billion battery plant. News of CATL being added to the list slashed its market value by roughly $4.4 billion. CATL, the world’s largest manufacturer and supplier of EV batteries,