Pelosi’s Taiwan Trip Spurs China Battery Giant to Pause Plant Debut

Bloomberg Politics published this video item, entitled “Pelosi’s Taiwan Trip Spurs China Battery Giant to Pause Plant Debut” – below is their description.

China’s Contemporary Amperex Technology Co. Ltd., or CATL, the world’s biggest maker of batteries for electric vehicles, has decided to push back a multibillion-dollar North American plant due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter. Ed Ludlow reports on Bloomberg Television.

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Bloomberg Politics produces English language political stories from around the world, from a US perspective. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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In This Story: Taiwan

Taiwan, officially the Republic of China, is a country in East Asia. Neighbouring countries include the People’s Republic of China to the northwest, Japan to the northeast, and the Philippines to the south.

The political status of Taiwan is complicated. The Republic of China (ROC) is no longer a member of the UN, having been replaced by the People’s Republic of China (PRC) in 1971. Taiwan is claimed by the PRC, which refuses diplomatic relations with countries that recognise the ROC. Taiwan maintains official diplomatic relations with 14 out of 193 UN member states and the Holy See.

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