Tesla doesn’t need to hit the panic button over China heat wave disruptions just yet

Some parts of China are suffering from record high temperatures in the past few weeks, prompting local governments to halt industrial power use, including those of battery plants.
When news reaches the West, it generates fear-mongering headlines like “China heat wave shuts Tesla suppliers” which have likely rattled investors (because Tesla is all we care about, right?). But is the EV giant really suffering from China’s scorching heat?
First off, we need to look at which factories are affected. Lithium battery giant CATL is among the companies that have been ordered to shut do

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