The move was the latest escalation in the back and forth between Beijing and Washington over products considered vital to national security.

American companies have largely gone silent about the importance of the US-China relationship—they no longer see China as the land of opportunity.

China's Ministry of Commerce adds 28 U.S. entities to export control list to "safeguard national security and interests."

Chinese car maker BYD saw sales jump at the end of last year, leaving it closer to claiming the title of the world's best-selling electric vehicle (EV) maker of 2024. The company says it sold 207,734 EVs in December, taking its annual total to 1.76 million, as subsidies and discounts helped attract customers.

China’s BYD Co. enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, narrowing its gap with Tesla Inc. as the two vie for the crown of top-selling electric-vehicle maker of 2024.

The EV giant sold 1.76 million electric cars in 2024, per figures released on Wednesday, putting it within touching distance of beating Tesla.