Tencent, known for WeChat, and CATL, a battery maker, have both denied military associations, calling the US decision unwarranted. Washington's move appears to be a strategic step to curb China's military advancements by controlling technology access. The updated list of military firms now includes 134 companies, raising questions about future business collaborations and diplomatic relations amid ongoing strains between the two nations.
Both companies assert that their business operations are strictly civilian and not connected to military activities, countering claims made by US lawmakers. The implications of this list could influence foreign investments and partnerships, particularly as the US auto industry plans to collaborate with China's CATL on battery production. This backdrop comes as President-elect Donald Trump prepares to leverage a tougher stance in international relations, specifically towards China, marking a complicated time for economic interactions between these global powerhouses.
Both companies assert that their business operations are strictly civilian and not connected to military activities, countering claims made by US lawmakers. The implications of this list could influence foreign investments and partnerships, particularly as the US auto industry plans to collaborate with China's CATL on battery production. This backdrop comes as President-elect Donald Trump prepares to leverage a tougher stance in international relations, specifically towards China, marking a complicated time for economic interactions between these global powerhouses.
