US adds BYD to list of firms with alleged Chinese military ties
The Department of Defense's list aims to alert American organisations to the risks of doing business with the Chinese firms, but their inclusion does not mean they are immediately sanctioned. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The United States has added major Chinese companies, including electric vehicle maker BYD and tech giant Alibaba, to a list of firms it alleges have ties to the Chinese military.
- The list, known as Section 1260H, aims to alert American organizations to potential risks of doing business with these companies.
- Inclusion on the list does not automatically mean the companies are sanctioned.
- Spokespersons for Alibaba and Baidu have denied the allegations, stating there is no basis for their inclusion.
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