Shares of industrial and transportation companies were lower amid concerns that stocks may be due for a pullback after climbing throughout 2021.
Contemporary Amperex Technology, one of the world's largest battery makers, is teaming up with chemicals company BASF to develop a sustainable value chain for batteries. China-based CATL said the cooperation will focus on battery recycling and on cathode active materials, which are key to producing electric-vehicle batteries.
Meanwhile, Elon Musk's SpaceX on Wednesday evening launched four civilians toward the deepest orbit Americans have traveled to in more than a decade, in another milestone flight for private space travel.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
09-16-21 1726ET
