{
  "id": 8433515,
  "title": "BYD, CATL, Xiaomi executives may join Xi's US visit, sources say",
  "url": "https://urgent.news/2026/09/18/byd-catl-xiaomi-executives-may-join-xis-us-visit-sources-say",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T07:21:50.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/economy/policy/articles/byd-catl-xiaomi-executives-may-072150010.html"
  },
  "original_language": "en",
  "account": "Washington and Beijing are finalizing a list of Chinese business executives to accompany President Xi Jinping on his upcoming visit to Washington, three sources familiar with the matter said, potentially including companies grappling with US regulatory issues as they seek greater market access. Final invitations to join the delegation are expected to be issued in the coming days, the sources added. The State Department is anticipated to approve US visas for the group, according to one of the sources. Key Chinese companies under consideration for the delegation include BYD, a leading electric vehicle manufacturer; Xiaomi, a smartphone maker that has diversified into EVs; battery giant CATL; Gotion, another consumer electronics manufacturer; Hisense, a consumer electronics firm; automotive parts supplier Wanxiang Group; and state-owned Bank of China, four other sources and unnamed individuals briefed on the matter said. Forming a sizable business delegation to the US is an uncommon move for China, given Washington's concerns about Chinese investment and Beijing's increased scrutiny of private enterprise. The identities of the delegation members have yet to be confirmed, the sources noted. BYD did not respond to requests for comment, while CATL, Xiaomi, Wanxiang, Hisense, Gotion, and Bank of China declined to comment as well. Chinese companies have been informed to prepare for the delegation, pending confirmation at a weekend meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, the sources said. A US Treasury spokesperson redirected inquiries to the White House, which did not respond. China's foreign ministry stated it had no information, and the commerce ministry did not provide a response to a request for comment. The Chinese executives participating in the delegation may face challenges in the US due to sanctions, blacklists, or regulatory pressures, as per one source, mirroring Trump's strategy of inviting US executives with Chinese ties during his Beijing visit in May. A January 2025 Pentagon list and June 2026 addition of CATL and BYD to the list of companies due to alleged ties with China's military are cited as examples. US automakers have urged Trump not to open the US market to Chinese automakers, but Trump expressed support for Chinese companies building cars in the US. CATL technology is licensed by Ford for battery production at its Michigan plant, a partnership criticized by US lawmakers. Gotion is suing a Michigan township over its planned $2.36 billion EV components plant. Wanxiang agreed to pay over $53 million to resolve a Justice Department case over customs and anti-dumping duties on Chinese auto parts. China aims to mirror the size of Trump's May 2023 Beijing delegation, which included CEOs of chipmakers Micron, Qualcomm, and Illumina, all facing regulatory or market-access challenges in China, as a means of securing reciprocity in visit arrangements, according to one source. The commerce ministry is tasked with contacting the companies, and executives are not expected to meet with think tanks or business groups during Xi's visit, two sources added. Beijing had initially proposed a US-China CEOs roundtable, but the White House rejected the idea. Nvidia CEO Jensen Huang, who visited China with Trump, and OpenAI CEO Sam Altman are expected to attend the summit. Nvidia has faced difficulties selling its advanced H200 semiconductors in China due to regulatory scrutiny. The summit's main objectives, as previously reported by Reuters, include reaching an agreement on a Board of Trade, securing additional rare-earth export licenses for US companies, and extending the trade truce reached in South Korea in October 2023.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}