Chinese battery manufacturer CATL will be exhibiting its products at the 2019 IAA Frankfurt Auto Show held in Frankfurt AM Main in Germany on September 11, 2019. Sean Gallup/Getty Images
The House Selection Committee on the Communist Party of China has issued subpoenas to JPMorgan Chase and Bank of America, requiring that banks be provided with documents relating to the role of the initial public offering (IPO) for Chinese battery manufacturer Contemporary Amperex Technology (CATL).
In a July 24 statement, Committee Chairperson John Mourenard (R-Mich.) said the CATL is “a key player in China’s military integration strategy” and poses risks to US investors and US national security.
