Breaking
INTLRussian airstrikes on Kyiv and Odesa injure at least 13 as war nears fifth winterCNChina U20 Women's Football World Cup 1/8 finals lost to Italy on penalty kick and missed the quarterfinalsCNThe Taiwanese delegation was hit with graffiti at the Nagoya Asian Games relay station, and the police launched an investigationTRTwo-Vehicle Traffic Accident in Istanbul: 9 Injured, 2 of them SeriousDEUS Congress passes law for Russia sanctionsKRFire departments across the country crack down on the same time zone... Booking and fine for serious misconductCNPinglu Canal, the backbone project of the New Western Land-Sea Corridor, is completed and open to navigationCNChina's River Cruise Development Report 2026 Released: The Yangtze and Pearl Rivers Lead Growth, and Silver-haired Groups Become the Main Consumption GroupCNInternet celebrity Chen Yi was accused of infringement and lawyer Li Yizhen posted a post, and the Intellectual Property and Commercial Court of the second instance changed the verdict to not guilty.CNU.S. Treasury Secretary Bessent accuses China of turning its Belt and Road Initiative into a debt collection operationINTLRussian airstrikes on Kyiv and Odesa injure at least 13 as war nears fifth winterCNChina U20 Women's Football World Cup 1/8 finals lost to Italy on penalty kick and missed the quarterfinalsCNThe Taiwanese delegation was hit with graffiti at the Nagoya Asian Games relay station, and the police launched an investigationTRTwo-Vehicle Traffic Accident in Istanbul: 9 Injured, 2 of them SeriousDEUS Congress passes law for Russia sanctionsKRFire departments across the country crack down on the same time zone... Booking and fine for serious misconductCNPinglu Canal, the backbone project of the New Western Land-Sea Corridor, is completed and open to navigationCNChina's River Cruise Development Report 2026 Released: The Yangtze and Pearl Rivers Lead Growth, and Silver-haired Groups Become the Main Consumption GroupCNInternet celebrity Chen Yi was accused of infringement and lawyer Li Yizhen posted a post, and the Intellectual Property and Commercial Court of the second instance changed the verdict to not guilty.CNU.S. Treasury Secretary Bessent accuses China of turning its Belt and Road Initiative into a debt collection operation
Newsgather
All StoriesWorldSportsFinanceTechScienceHealthCultureClimatePoliticsSpace
BackBYD chairman will accompany President Xi Jinping's visit to the US; Chinese company delegation to be dispatched to coincide with US-China summit meeting
BYD chairman will accompany President Xi Jinping's visit to the US; Chinese company delegation to be dispatched to coincide with US-China summit meeting
Developing
時事通信50 minutes agoBusiness2 min readJapanView original

BYD chairman will accompany President Xi Jinping's visit to the US; Chinese company delegation to be dispatched to coincide with US-China summit meeting

Xi JinpingByadiyyaWang Chuanfu

Quick Look

  • Bloomberg News reported that Chinese President Xi Jinping's visit to the United States to coincide with the U.S.-China summit meeting scheduled for next week on the 24th may be accompanied by Wang Chuanfu, chairman of China's largest electric vehicle manufacturer BYD.
  • The delegation includes more than a dozen companies from high-tech and agricultural industries, with the aim of increasing purchases of American products and promoting investment in the United States.
  • Although US President Trump has expressed his welcome for Chinese companies to enter the US, the US has imposed tariffs of over 100% on Chinese-made EVs, and the Department of Defense has designated BYD as a ``Chinese military company.''

AI-generated summary

Why It Matters

The US-China relationship is a complex intertwining of economic ties and strategic competition, and the summit meeting is attracting attention as a forum for dialogue between the two countries.

Font size

Bloomberg News reported on the 16th that Wang Chuanfu, chairman of China's largest electric vehicle (EV) company BYD, may accompany Chinese President Xi Jinping to the United States to coincide with the U.S.-China summit meeting scheduled for next week on the 24th. There are more than a dozen candidates for the corporate delegation, including those in fields such as high technology and agriculture, and it is believed that the aim is to increase purchases of American products and promote investment in the United States.

In an interview with Fox News on the 11th, US President Trump said, ``If China wants to expand into the United States and open a car production plant here, I don't care.'' BYD already operates an electric bus production plant in Western California. If they accompany the company, it will be a stepping stone to expanding local production.

Tsai Qi, the Politburo Standing Committee member who ranks fifth in the Chinese Communist Party hierarchy, and others are currently reviewing the list of companies that will be affiliated with the company, so the list is still in flux. The United States has imposed tariffs of over 100% on Chinese-made EVs, effectively excluding passenger cars from Chinese manufacturers. The US Department of Defense has designated BYD as a ``Chinese military company,'' and there is strong domestic opposition to its entry into the US market.

What to Watch

AI outlook — possibilities, not facts

  • Chairman Wang Chuanfu will accompany President Xi Jinping on a visit to the United States

    Possible · Within weeks

  • Some concrete agreements on economic cooperation are reached at the US-China summit

    Possible · Within days

Open Questions

  • Will Chairman Wang Chuanfu actually visit the US?
  • Names of specific companies included in the delegation
  • How much market opening will the US side show?

Related Topics

Xi Jinping
PeopleWang Chuanfudonald trumpCai Qi
Organizationsbloomberg communicationsBYDUS Department of Defense
Placesunited states of americaPeople's Republic of Chinacalifornia
TopicsByadiyyaWang ChuanfuUS-China summit meetingelectric carInvestment in the UScustoms duty
This article was originally published by 時事通信.

Related Stories

Federal Reserve raises policy interest rate by 0.25%, marking first rate hike in 3 years and 2 months
BREAKING·

Federal Reserve raises policy interest rate by 0.25%, marking first rate hike in 3 years and 2 months

On the 16th, the Federal Reserve Board (FRB) decided at the Federal Open Market Committee (FOMC) to raise the policy interest rate by 0.25% to 3.75-4.00%. This is the first interest rate hike in three years and two months since July 2023. In response to accelerating inflation due to high energy prices due to the deteriorating situation in the Middle East, the government changed its wait-and-see attitude. FOMC participants expect one more rate hike before the end of the year. The European Central Bank (ECB) decided to raise interest rates further on the 10th, and the Bank of Japan is also expected to raise interest rates by 0.25% at its monetary policy meeting on the 17th and 18th. The Fed's decision was unanimous, saying economic activity was strong but uncertainty remained high, and it was aimed at returning inflation to its 2% target.

時事通信
2 min read
Federal Reserve hints at additional interest rate hikes within the year, leading to a series of political, economic, and judicial developments at home and abroad
BREAKING·

Federal Reserve hints at additional interest rate hikes within the year, leading to a series of political, economic, and judicial developments at home and abroad

The US Federal Reserve has raised its policy interest rate by 0.25%, indicating the possibility of further rate hikes within the year. The Hague Special Tribunal has sentenced the former president of Kosovo to 25 years in prison. Domestically, there was a cabinet cooperation agreement between the ruling party and Ishin, Kansai Electric Power Co. and Tohoku Electric Power Co. intending to participate in an interim storage facility for spent nuclear fuel, a South Korean district court ordered North Korea to pay approximately 5 billion yen in compensation, an event company was fined in the Tokyo Olympics rigging scandal, the Liberal Democratic Party changed its House of Councilors secretary-general, the trade balance in August was in the red at 1,105.6 billion yen, and an earthquake with an intensity of 4 was reported in Kumamoto Prefecture.

時事通信
2 min read
Mitsui O.S.K. Cruises holds naming ceremony for new cruise ship “MITSUI OCEAN SAKURA” in Yokohama
Business·

Mitsui O.S.K. Cruises holds naming ceremony for new cruise ship “MITSUI OCEAN SAKURA” in Yokohama

On the 16th, Mitsui O.S.K. Cruises held a naming ceremony for its new cruise ship ``MITSUI OCEAN SAKURA'' in Yokohama. Scheduled to enter service on the 19th. Utilizing the small hull of approximately 198m in total length, it will conduct tours around Japan, including remote islands. Based on the concept of ``Japan's beautiful voyage'', it is equipped with Japanese-style facilities such as a sushi bar and footbath.

朝日新聞
2 min read
Crude oil import volume in August increased by 3.6% compared to the same month last year, shifting from dependence on the Middle East to the United States
Developing·

Crude oil import volume in August increased by 3.6% compared to the same month last year, shifting from dependence on the Middle East to the United States

According to preliminary trade statistics for August released by the Ministry of Finance, crude oil imports increased by 3.6% from the same month last year to 11.59 million kiloliters. Import volume decreased from April to June due to the tense situation in the Middle East, but alternative procurement from the United States increased, and the volume exceeded the previous year's level for the second time in July. On the other hand, the trade balance was in the red for 1,0105.6 billion yen, the fourth consecutive month in the red, due to the continued high cost of crude oil procurement. The amount of imports from the Middle East decreased by 30.9% from the previous year to 7.25 million kiloliters, and the amount of imports from the United States was 3.65 million kiloliters, more than seven times the previous year. The import unit price of crude oil is 102,687 yen per kiloliter, the fourth highest level on record, and continued high costs remain an issue.

朝日新聞
2 min read
China makes anime and games the pillars of its exports, strengthens exports of anime and games, and collaborates with Japanese companies
Business·

China makes anime and games the pillars of its exports, strengthens exports of anime and games, and collaborates with Japanese companies

The Chinese government is aiming to strengthen its soft power by developing anime and games as new pillars of service export. Even as Sino-Japanese relations have cooled down, collaboration with Japanese companies is progressing, and there are noticeable moves by Chinese companies to expand their sales channels around the world.

時事通信
2 min read
Multiple news events occur simultaneously, including the resignation of Chubu Electric Power's top executives, Okinawa gubernatorial election, and nuclear power plant review.
Developing·

Multiple news events occur simultaneously, including the resignation of Chubu Electric Power's top executives, Okinawa gubernatorial election, and nuclear power plant review.

Chubu Electric Power announced the retirement of President Kingo Hayashi and Chairman Satoshi Katsuno. At the same time, Chief Cabinet Secretary Kihara argued that relocating Futenma Air Base to Henoko was the only solution, and Prime Minister Takaichi arranged for the Cabinet to be reshuffled and the Meiji Restoration Secretary-General, Hiroshi Nakatsuka, to join the Cabinet. A new candidate endorsed by the Liberal Democratic Party is in the lead in the Okinawa gubernatorial election, Chubu Electric Power is making arrangements to withdraw its application for review of the Hamaoka nuclear power plant, and Chairman Katsuno's future or departure due to the data fraud issue is also attracting attention. Other news reported included North Korea's sports minister's planned visit to Japan, the adoption of a joint declaration by the BRICS summit, the Houthis' seizure of the Babel Mandeb Strait, the Hong Kong court's prison sentence for the organizer of the Tiananmen memorial rally, and the Digital Agency's announcement that personal information was leaked.

時事通信
2 min read
More on this topicXi Jinping