Robocar Supplier Sues US, Disputes Alleged Chinese Military Ties
- Hesai Group says it only serves civilian, commerical market
- Company says its plans to build US facility are now disrupted
A Lidar sensor on top of a test car.
Photographer: Marlena Sloss/BloombergThis article is for subscribers only.
Hesai Technology Co., a developer of sensor technologies used in self-driving cars, is suing the US 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.