While CATL's board has approved the plan, the proposal still requires approval from regulators in Beijing

China is currently the world’s dominant supplier of clean technologies, and the EU has been uneasy over its dependence on Beijing for them

The conglomerate will look at options from mergers to divestments as it seeks to manage its many subsidiaries and bloated main businesses weighing on its finances

Lawmakers say the US should ban imports from the battery-makers because their supply chains are linked to Xinjiang and 'deeply compromised'

Solid-state batteries hold the promise of improved safety, a longer lifespan and faster charging compared with conventional lithium-ion batteries, but mass adoption remains some way off

CATL showed off the lithium iron phosphate (LFP) Shenxing Plus battery on the first media day of the Beijing auto show

Energy storage projects face high upfront costs and also difficulties in getting grid connections and selling electricity into China's power markets

The new requirements, issued in December, seek to reduce US reliance on China in its electric-vehicle supply chain

Tesla paid 222.42 million yuan ($31.13 million) for use rights to a 19.7-hectare (48.7 acres) plot in Shanghai for $31.13 million

Prices of the key EV battery metal have already tumbled close to 80% this year with supply outpacing the rise in demand

Spot lithium prices in the world's top producer of the battery metal were effectively down close to 80% year-on-year

The US auto giant refused to say why it has paused construction but some lawmakers said it was a chance to call off its tie-up with the Chinese firm