In a swift response to the recent inclusion on the United States Department of Defense's Section 1260H List, Chinese tech giant Tencent and battery manufacturer Contemporary Amperex Technology Co., Limited (CATL) have vehemently denied any military affiliations.
Tencent released a statement on Tuesday asserting, \"Our inclusion on this list is clearly a mistake. Tencent is neither a military enterprise nor a military supplier. Unlike export controls or other restrictions, this designation has no impact on our business operations. Nonetheless, we will engage with relevant U.S. authorities to resolve this misunderstanding.\"
Similarly, CATL addressed the listing by stating, \"This is an error. The company has no involvement in any military-related activities.\" Both companies emphasized their commitment to maintaining transparent and cooperative relations with U.S. authorities.
The Chinese Ministry of Foreign Affairs has also weighed in, strongly opposing what it describes as the U.S.'s unwarranted suppression of Chinese enterprises. The ministry highlighted that such actions undermine normal economic and trade cooperation between the two nations, potentially affecting global markets and partnerships.
These developments come amid ongoing tensions between the U.S. and China over trade and technology sectors. The inclusion of major Chinese companies on defense-related lists has raised concerns among global investors and business communities about the stability of cross-border collaborations.
As both Tencent and CATL navigate this challenge, the international community watches closely, recognizing the broader implications for global business and geopolitical dynamics.
Reference(s):
cgtn.com
