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Pelosi Trip Causes China Battery Giant to Halt Plant

A giant Chinese supplier of electric-vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla and Ford due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter. Ed Ludlow reports on “Bloomberg Markets: The Close.”

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A giant Chinese supplier of electric-vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla and Ford due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter. Ed Ludlow reports on “Bloomberg Markets: The Close.”

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23 Comments

23 Comments

  1. The Token Dude

    August 2, 2022 at 7:53 pm

    I am like no one and I saw all of this coming all of it every single bit of it

    This isn’t by mistake it’s absolutely by design

    Let’s rely on China so they can grab us by the balls

    Cars meds VAXes

    Buying up our farmland and pork plants

    Trump was in with China?
    I think it’s absolutely opposite

  2. Hussien Alsafi

    August 2, 2022 at 8:09 pm

    😍😍😍😍😍😍😍😍😍😍

  3. Jim Miller

    August 2, 2022 at 8:15 pm

    The world needs a strong China to stand against America imperialism and NATO war mongers

  4. Ogel Petrov

    August 2, 2022 at 8:32 pm

    ♥️𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗱𝘂𝗹𝘁 𝗽𝗼𝗿𝗻 𝘃𝗶𝗱𝗲𝗼𝘀 𝗼𝗻𝗹𝘆❤️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine verwohn.online Brünette und eine andere Blondine. Es wäre unfairz, wenn ich 4 wählen würde

  5. Viktor Evgeniev

    August 2, 2022 at 8:33 pm

    Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine empr.ONLINE Brünette und eine anderef Blondine. Es wäre unfair, wenn ich 4 wählen würde

  6. Quinton liu

    August 2, 2022 at 8:42 pm

    lets go, more withdraws imminent

  7. Angry Ranger

    August 2, 2022 at 8:46 pm

    Way to go, Pelosi! Why was the visit so important anyway? Enough to depress American stock market, or just didn’t know the response of China? Is Pelosi going to reimburse our economy?

    • Matt DeCandia

      August 2, 2022 at 8:51 pm

      No her husband probably shorted several stocks yesterday that this could affect .

  8. R H

    August 2, 2022 at 8:56 pm

    Way to go blue team. Your on a roll….

  9. Damon Gnojek

    August 2, 2022 at 8:57 pm

    I hope everyone is ready for the Big Game. The players are almost finished positioning their pieces.

    • Sky Mile

      August 2, 2022 at 10:20 pm

      Very scary we aren’t ready

    • Damon Gnojek

      August 2, 2022 at 10:34 pm

      @Sky Mile cmon, we have been preparing since the last game. 70 years of prep. We are ready.

  10. Xcube

    August 2, 2022 at 9:04 pm

    Critical for Tesla??? 😆😆😆.. FUD!

  11. Cadfael

    August 2, 2022 at 10:16 pm

    GOOD. I don’t want to buy anything Chinese anymore!

    • Fahad Amir

      August 2, 2022 at 11:15 pm

      Ur joking right lolz😂🤣

  12. BRICS&SCO

    August 2, 2022 at 10:24 pm

    How much did it cost us for her trip now, last time she was in California her ice cream cost us $8000…

  13. Kelly Jensen

    August 2, 2022 at 10:34 pm

    Good, we need to move production. Don’t you love looking at the skyscrapers in China built with the revenue from American consumers? Jobs lost to those who will work in a factories with nets extending from roofs to prevent suicides while making nearly nothing? How about we do business with friendly nations!

  14. JD Aviles

    August 2, 2022 at 11:22 pm

    Is any of this related to the CHIPS act I wonder.

  15. Cautious X0

    August 3, 2022 at 12:38 am

    Honestly, it was about time we decoupled from China. Invest in Vietnam or something

    • Xo mmanst

      August 3, 2022 at 12:41 am

      Bruh. Vietnam…

    • Cautious X0

      August 3, 2022 at 12:44 am

      @Xo mmanst Apple literally built a factory in Vietnam…it’s already happening broski

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Bloomberg’s Caroline Hyde and Ed Ludlow discuss the market cool-off as investors digest the direction of Fed cuts and Donald Trump’s next moves. And, EV’s take a hit as reports emerge that the $7,500 EV tax incentive will be cut under the new Trump administration. Plus, how one company is growing customers with their plant-based protein.
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Jennifer Pahlka of the Niskanen Center likens the Department of Government Efficiency to a brushfire, saying some cuts will be healthy in the long run. She joins Caroline Hyde and Ed Ludlow to discuss on “Bloomberg Technology.”
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