BYD and NIO Added to U.S. Military-Industrial List

[Policy Update] BYD, NIO, and several other Chinese new energy and technology companies have been added by the U.S. Department of Defense to the 'Chinese Military Companies List.'

Key Development: On June 8, 2026, the U.S. updated the list pursuant to Section 1260H of the National Defense Authorization Act, adding 80 parent companies—including BYD, NIO, CATL, and Hesai Group—and 188 affiliated entities.

Key Facts: Both automakers emphasized that this list is not a sanctions list and will not affect their normal business operations, international collaborations, or securities trading; the related restrictions apply only to U.S. Department of Defense procurement and do not impact core company operations.

Strategic Positioning: BYD and NIO both denied having any military-industrial attributes, stating their inclusion was without justifiable grounds, and pledged to safeguard their rights through dialogue or legal means.