This photo shows an aerial view of the headquarters building of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

This photo shows an aerial view of the headquarters building of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

The headquarters building of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) is seen in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

The headquarters building of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) is seen in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

The headquarters building of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) is seen in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

The headquarters building of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) is seen in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

A visitor looks at a vehicle chassis at a showroom inside the headquarters of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

A Tesla Model 3 car charges outside the headquarters of Chinese EV battery maker CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)