China’s heatwave closes factories that supply parts to Tesla, Intel, and Toyota

The world’s

, Contemporary Amperex Technology Co. Limited (CATL), and Intel are among the major companies shutting down their factories for six days in China’s Sichuan province because of a heatwave-related power shortage in the area, according to CNN and Bloomberg.

The move affects factories belonging to companies like Tesla’s battery supplier CATL, Apple’s supplier Foxconn Technology, Toyota,…