Trending: Pelosi's Taiwan Visit Stokes Tensions
03 Août 2022 - 10:51AM
Dow Jones News
0816 GMT -- Taiwan's Ministry of Foreign Affairs is the most
mentioned entity in the news over the past 12 hours, according to
Factiva data, after U.S. House Speaker Nancy Pelosi stopped in
Taiwan for a visit. The visit, which Chinese President Xi Jinping
last week tried to head off in a phone call with his U.S.
counterpart, Joe Biden, prompted Beijing to conduct live-fire
exercises around Taiwan. It is unclear how businesses will be
affected, but in one example, people familiar with the matter said
that Contemporary Amperex Technology Co. is delaying plans to
announce the building of an EV-battery plant in North America,
citing potential public criticism amid U.S.-China tensions. The
Chinese company is a major supplier of batteries to Tesla. CATL
declined to comment, and the people familiar with the matter said
there was no pressure from Beijing to postpone or cancel its plans.
Dow Jones & Co. owns Factiva.
(jacques.vanwersch@dowjones.com)
(END) Dow Jones Newswires
August 03, 2022 04:36 ET (08:36 GMT)
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