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)

HOUSTON, TEXAS - NOVEMBER 14: Claudia Cividino and Eddie LeVian speak onstage during Le Vian. . . From Ancient Royalty To Today's Red Carpet, Hosted by Jared Jewelers at Houston Museum of Natural Science on November 14, 2024 in Houston, Texas. (Photo by Rick Kern/Getty Images for Jared Jewelers)

HOUSTON, TEXAS - NOVEMBER 14: Eddie LeVian and Claudia Cividino speak onstage during Le Vian. . . From Ancient Royalty To Today's Red Carpet, Hosted by Jared Jewelers at Houston Museum of Natural Science on November 14, 2024 in Houston, Texas. (Photo by Rick Kern/Getty Images for Jared Jewelers)