A battery firm with considerable ties to the Chinese Communist Party (CCP) could pose significant espionage and national security risks to the U.S. as policymakers move to electrify American life, according to a new report by the Foundation for Defense of Democracies (FDD), a non-partisan research institute focused on issues of national security and foreign affairs.
CATL, a battery manufacturing firm headquartered in Fujian, China, is a major player in the global battery market, as it already holds a dominant position in the global electric vehicle (EV) battery market and is poised to supply crucial large-scale energy storage systems to American utility companies to help them provide the decarbonized power grids of the future, according to the FDD report. CATL, which has subsidiaries based in the U.S. and several European countries, has already had equipment installed within a U.S. military base, and the burgeoning dependence on the Chinese company’s products may leave essential American infrastructure vulnerable to espionage and malware attacks, according to the FDD report.
Read More