CATL Statement on US "Chinese Military Company" List Inclusion
We became aware that the U.S. Department of Defense had designated CATL as a "Chinese Military Company" on January 7, 2025.
CATL has never engaged in any military-related business or activities, so this designation by the Department of Defense is a mistake. It does not restrict CATL from conducting business with entities other than DoD and is expected to have no substantially adverse impact on our business. We will proactively engage with DoD to address the false designation, including legal action if necessary, to protect the interests of our company and shareholders as a whole.
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