Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

China’s Hesai to sue Pentagon after being reinstated to blacklist, FT reports

(Reuters) – Chinese lidar manufacturer Hesai plans to sue the U.S. government after the Pentagon reinstated the company on its blacklist of Chinese firms linked to the military, Financial Times reported on Thursday, citing co-founder David Li.

The company planned to challenge the Pentagon’s decision in court, he told the newspaper.

Being placed on the list represents a warning to U.S. entities and companies about the national security risks of conducting business with them.

The U.S. Defense department removed Hesai from the list of companies allegedly working with Beijing’s military, but immediately decided to re-list the firm in a court filing and two letters sent to Congress earlier this month.

“We are not a military company, we don’t contribute to or have any connection with the Chinese military or military body,” Li told the FT. “We operate independently, free of government control or military involvement,” he added.

Hesai and the U.S. Department of Defense did not immediately respond to Reuters’ requests for comment.

Hesai, whose lidars help self-driving cars and driver-assistance systems gain a three-dimensional map of the road, was added to the list by the U.S. Department of Defense in January along with over a dozen other companies.

Last week, China-based drone maker DJI sued the U.S. Defense Department for adding it to a list of companies allegedly working with Beijing’s military.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com