Tencent Shares Slide After Pentagon Blacklists Chinese Tech Giant
Chinese internet giant Tencent’s shares slumped sharply on Tuesday after the company was added to a Pentagon blacklist for its alleged links with the Chinese military, prompting criticism from authorities in Beijing and denial by the company.
Good morning! It’s Wednesday, January 8, 2025, and this is The Morning Shift, your daily roundup of the top automotive ...
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CATL, World’s Top EV Battery Maker, Added to Pentagon BlacklistThe U.S. blocked CATL, citing military ties, impacting its market share and IPO plans amid concerns over its EV battery ...
It’s hard to overstate the reach Contemporary Amperex Technology Co Ltd (CATL) has in the world’s electric car market.
CATL’s market share in 2024 was about 37%, well ahead of Chinese rival BYD Co. at 17%, which considering it also makes cars, ...
Vehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in car ...
The Pentagon has flagged Tencent, a top Chinese social media and gaming giant, as a 'Chinese military company.' The move ...
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