US adds BYD to list of firms with alleged Chinese military ties
Summary
The US Department of Defense has added several major Chinese companies, including Alibaba and electric car maker BYD, to a list of firms with alleged ties to the Chinese military. Being on the list warns American businesses of potential risks but does not ban dealings with these companies.Key Facts
- The US has added Alibaba, BYD, and other Chinese firms to a list of companies linked to the Chinese military.
- The list is known as Section 1260H and includes over 80 companies providing services to the US.
- The companies listed are considered to support Chinese military operations through commercial activities.
- Alibaba and BYD deny being involved with the military and say the list has no basis.
- The Chinese embassy in the US criticized the list as discriminatory and said Chinese firms follow local laws.
- Other companies on the list include Baidu, Nio, and aircraft maker Comac.
- Previously added firms like Tencent, Huawei, DJI, and CATL remain on the list.
- Inclusion on the list alerts US organizations to risks but does not prohibit business with these firms.
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