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Inclusion on the Pentagon list does not result in any immediate sanctions, but it could affect the reputations of the companies named and hinder their commercial progress, particularly if they want to do business in the United States.

Best Automobile Stocks in India Trending Stocks To Buy ✌️【Career Development】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. Shares in Tencent, which owns Chinese super-app WeChat, were 6.5% lower in Hong Kong on Tuesday, while CATL’s Shenzhen-listed shares lost more than 3%.

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“We are not a military company or supplier. Unlike sanctions or export controls, this listing has no impact on our business. We will nonetheless work with the Department of Defense to address any misunderstanding,” a spokesperson said.

CATL, which supplies batteries to Tesla and plans to provide its “knowledge” and services to Ford to make lithium-ion batteries ata plantin Michigan, said in a statement that it “has never engaged in any military-related business or activities, so this designation by the Department of Defense is a mistake.”

“We will proactively engage with DoD to address the false designation, including legal action if necessary,” it added.

Best Automobile Stocks in India Trending Stocks To Buy ✌️【Career Development】✌️ Precise stock market trend predictions with free real-time quotes for India, US, and European stocks. Whether you're looking for short-term gains or long-term growth, our expert advice ensures you make the best investment choices. A tech rivalry between Washington and Beijing has been escalating ahead of the inauguration of US President-elect Donald Trump later this month. Last week, Beijing said it was planning to curb the export of technology used to extract minerals critical for the growth of the global electric vehicle (EV) industry.

In December, the outgoing Biden administration imposed fresh export controls on US-made semiconductors that Washington fears Beijing could use to make the next generation of weapons and artificial intelligence (AI) systems.

Best Automobile Stocks in India Trending Stocks To Buy ✌️【Career Development】✌️ Professional investment advisors provide up-to-the-minute market data, helping you analyze stock trends and select high-potential stocks. Achieve capital growth with well-researched strategies based on expert insights. The US Commerce Department said the goal of the curbs was to slow China’s development of advanced AI tools that can be used in war and to undercut the country’s homegrown semiconductor industry, which it says threatens the national security of the US and its allies.

Best Automobile Stocks in India Trending Stocks To Buy ✌️【Career Development】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. Since coming to power in late 2012, China’s top leader Xi Jinping has unleashed sweeping reforms to transform the Chinese military into a world-class fighting force. A key part of that modernization drive has been to better integrate the country’s private sector and defense industrial base through the sharing of resources, talent and cutting-edge technologies.

Best Automobile Stocks in India Trending Stocks To Buy ✌️【Career Development】✌️ Expert market predictions, real-time updates, and personalized investment advice designed to help you succeed. Seize the best investment opportunities in global stocks, metals, and energy markets. While efforts to break down barriers between China’s military and civil sectors date back to the 1990s, the military-civil fusion strategy has been increasingly promoted under Xi and elevated to a national strategy in 2014, as part of the leader’s vision to turn China into an economic, technological and military superpower.

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“Beijing demands that its companies support the PLA,” he said. “US companies that have important partnerships with large Chinese companies, like Ford with CATL, need to understand that the regulatory, economic, and PR risks of these partnerships will continue to grow.”

Ivan Su, a senior equity analyst at Morningstar, said that given Tencent’s business model, which focuses on social media and gaming, it “has a good chance to secure exclusion through US courts,” like Chinese consumer electronics maker Xiaomi managed to do in 2021 in a separate case.

In January 2021, during the waning days of the first Trump administration, the Defense Department added Xiaomi to another list, underSection 1237, which subjected it to harsh restrictions, including aban on American investment.

Before the ban could take effect, a federal judge granted a temporary reprieve to the Chinese company by ruling that Washington lacked “substantial evidence” to support its claim that Xiaomi is owned or controlled by China’s military. In May of that year, the US Department of Defense and Xiaomi reached an agreement to set aside the ban.

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