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US designates Tencent and CATL as Chinese military companies
Tencent owns League of Legends developer Riot Games.
The US Department of Defense has added tech giant Tencent and lithium-ion battery maker CATL to its list of Chinese military companies, as reported earlier by Bloomberg. Meanwhile, CATL is the world’s biggest electric vehicle battery maker, with its products appearing across EVs from Tesla, Ford, Volkswagen, BMW, and more. DJI, which was put on the list in 2022, says US Customs is blocking its drone imports and eventually filed a lawsuit claiming the designation has resulted in “lost business deals” and a stigma “as a national security threat.”
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