Caixin
May 14, 2024 03:39 PM
WORLD

Robocar Supplier Sues U.S., Disputes Alleged Chinese Military Ties

00:00
00:00/00:00
Listen to this article 1x
A Lidar sensor sits on top of a test car. Photo: Bloomberg
A Lidar sensor sits on top of a test car. Photo: Bloomberg

(Bloomberg) — Hesai Technology Co. Ltd., a developer of sensor technologies used in self-driving cars, is suing the U.S. Department of Defense for including it on a list of companies accused of aiding China’s military.

The Shanghai-based company’s placement on the so-called 1260H List has caused it “to suffer reputational injury, a significant drop in stock price, and lost business opportunities,” according to a complaint filed on Monday in Washington federal court. Nasdaq-traded Hesai urged the court to order the department to remove it from the list or declare the provision unconstitutional.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article
Open WeChat and scan the QR code