The U.S. Defense Department faces an upcoming ban on batteries procured from China’s largest manufacturers as lawmakers aim to separate the Pentagon’s supply chain from its geopolitical adversary.
What Happened: The ban is part of the recently passed National Defense Authorization Act (NDAA). It will prevent purchases from Contemporary Amperex Technology Co. Ltd., BYD Co. (OTC:BYDDF) (OTC:BYDDY), and four other Chinese firms, beginning in October 2027, Bloomberg reported on Thursday.
The prohibition does not extend to commercial purchases. For instance, Ford Motor Co. (NYSE:F) can ...