Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Chinese battery giant CATL hits back at Duke Energy disconnecting batteries

Published 12/07/2023, 01:12 AM
Updated 12/07/2023, 02:00 PM
© Reuters. A staff member cleans a display showing the locations of battery maker CATL's production bases, at the CATL booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo/File Photo

(Corrects paragraph 4 to clarify that Duke Energy (NYSE:DUK) disconnected batteries not because of its own security concerns but instead after lawmakers raised concerns)

BEIJING/SHANGHAI (Reuters) - Chinese battery giant CATL has hit back at U.S. utility firm Duke Energy's move to disconnect its batteries, saying that accusations about CATL batteries posing a potential security threat are false and misleading.

Business and products in the United States do not collect, sell, or share data in any way, the company said.

Products have passed rigorous safety and security reviews including those by U.S. authorities and businesses, it added.

Duke Energy said on Wednesday it had disconnected large-scale batteries made by CATL from North Carolina Marine Corps base Camp Lejeune after lawmakers and experts raised concerns about the battery supplier's close links to China's ruling Communist Party.

(This story has been corrected to clarify that Duke Energy disconnected batteries not because of its own security concerns but, instead, after lawmakers raised concerns, in paragraph 4)

Latest comments

is battery the new storage media in US law maker newest definition or invention? I am impressed with US law maker technology knowledge.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.