NIO Inc. Responds to the U.S. Department of Defense “Chinese Military Companies” List
NIO said the designation is unjustified and may take legal action, while noting the list is not a sanctions list or trading restriction.
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7 Articles
Trump Admin Labels Tesla Rival Nio A Chinese Military Company - NIO (NYSE:NIO)
Chinese automaker NIO Inc. (NYSE:NIO) has pushed back against the President Donald Trump administration’s move to declare the Tesla Inc. (NASDAQ:TSLA) rival a Chinese military company. Nio Threatens Legal Action On Tuesday, Nio released an official statement condemning the decision by the Trump administration, saying that the inclusion of the automaker in the list was “not justified” and threatened to take legal recourse if necessary. data-vari…
The United States government added e-commerce giant Alibaba, internet search engine Baidu, and automotive firms BYD and Nio to its official list of companies that allegedly collaborate with the Beijing military.
10:38 The US Department of Defense has blacklisted automakers BYD and Nio and tech giants Alibaba and Baidu, classifying them as suppliers to the Chinese military...
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