EV battery giant CATL unfazed by U.S. restrictions on Chinese companies

News Snapshot:

China’s largest EV battery-maker won’t let the hostile political climate between the U.S. and China disrupt its plans to expand in the U.S. even as Washington ramps up efforts to restrict Chinese-made technologies. The chairman of Contemporary Amperex Technology Co., or CATL, called geopolitics “transitory” and said, “each government administration lasts only four or five years, but business relationships last decades,” in an interview with The Wall Street Journal, adding that governments’ commitment to battling climate change will eclipse geopolitics leaving CATL free to provide batteries to some of the U.S.’s largest EV makers like Ford (NYSE:F) and Tesla (NASDAQ:TSLA)....