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U.S. Adds Tencent to Chinese Military Companies Blacklist

U.S. Adds Tencent to Chinese Military Companies Blacklist

Tencent also said that the listing would have “no impact on our business,” and that it would “work with the Department of Defense to address any misunderstanding.”

The designation is a warning to businesses in the United States that working with companies on the list could get them barred from future Pentagon contracts.

To be added to the list, a company must have some business operations within the United States. For example, CATL is licensing its battery technology to the American carmaker Ford Motor, which is building a $3.5 billion electric vehicle factory in Michigan.

Shares of Tencent, which is listed in Hong Kong, and CATL, which trades in Shenzhen, China, slumped in Asia trading.

CATL did not immediately respond to a request for comment.

As tensions between the United States and China have escalated in recent years, pressure has been growing from lawmakers to find ways to thwart China’s advances technologically and militarily.

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