Tencent and CATL included in the U.S. Department of Defense CMC list
Tencent and Contemporary Amperex Technology Co., Limited were included in the CMC list of the U.S. Department of Defense, causing stock prices to plummet. Tencent said being included in the list was a mistake and had no impact on the business. Contemporary Amperex Technology Co., Limited also called being included in the list a mistake and did not engage in military-related activities. Chinese companies included in the CMC list have previously successfully challenged through legal channels and may be discharged through litigation.