Along with owning the popular messaging app WeChat, Tencent is a major name in the gaming industry, as it owns League of Legends developer Riot Games and has invested in many others, including Epic Games, Larian Studios, Ubisoft, and FromSoftware. Meanwhile, CATL is the worldās biggest electric vehicle battery maker, with its products appearing across EVs from Tesla, Ford, Volkswagen, BMW, and more.
These companies donāt always stay on the Department of Defenseās list, as the US removed Chinese phone maker Xiaomi just months after adding it in 2021. Both Tencent and CATL plan to push back on the designations. āWe are not a military company or supplier,ā Tencent spokesperson Danny Marti said in a statement to The Verge. āUnlike sanctions or export controls, this listing has no impact on our business. We will nonetheless work with the Department of Defense to address any misunderstanding.ā CATL similarly told Bloomberg that its inclusion was āclearly a mistake.ā
The Verge reached out to CATL with a request for comment but didnāt immediately hear back.
Read the full article here