NIO Inc. (NIO), a Chinese electric vehicle manufacturer, on Tuesday called the decision by the U.S. Department of Defense to add the firm to "Chinese Military Companies" list unjustified.
The company claimed that it is not a Chinese military company or a military-civil fusion contributor to the Chinese defense industrial base.
NIO noted that the CMC List is not a sanctions list, and the connected U.S. government procurement limitations will not impact its business or growth. Also, the list does not restrict transacting in the firm's securities.
NIO plans to engage with the U.S. Department of Defense to rectify the list, willing to take legal action if necessary.
On the NYSE, the overnight shares were trading 2.02 percent higher at $5.56, after closing Monday's regular trading 1.68 percent higher.
In Hong Kong, the shares were gaining 2.06 percent, at HK$44.200.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.