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In addition to NIO’s response, BYD issued a statement to the Hong Kong Stock Exchange (01211) yesterday (Google translation):
This announcement is a voluntary announcement made by BYD Company Limited (the “Company”, together with its subsidiaries, the “Group”).
Our company notes that the U.S. Department of Defense issued a “Notification Regarding the Designation of Chinese Military Industrial Enterprises” on June 8, 2026 (U.S. time). According to this notification, the U.S. Department of Defense has included our company in the list of Chinese military industrial enterprises (hereinafter referred to as the “List of Chinese Military Industrial Enterprises”).
Since our group is neither a Chinese military enterprise nor a military-civilian integration enterprise of China’s defense industry, we believe there is no legitimate reason for including our company on this list.
