NIO Refutes US Dept of Defense Claim That It's Linked To The Chinese Military - CleanTechnica

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The US Department of Defense has declared that BYD, Nio, CATL, Baidu, and some other large Chinese manufacturers and technology companies are “Chinese military companies” — they have been put on the Department of Defense’s Section 1260H.

NIO, an all-electric vehicle company that sells EVs in Europe and other countries as well as in China, has published a statement vehemently refuting this claim. The statement, published earlier today, reads:

“NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (‘NIO’ or the ‘Company’), a pioneer and a leading company in the global smart electric vehicle market, today noted that the U.S. Department of Defense has added the Company to its ‘Chinese military companies’ list (the ‘CMC List’).

“The Company believes its inclusion on the CMC List is not justified as it is not a Chinese military company or a military-civil fusion contributor to the Chinese defense industrial base.