TLDR: Hesai Technology, a Chinese technology company that makes parts for self-driving vehicles, is threatening to sue the U.S. government after being included in a list of companies with ties to the Chinese military. Hesai’s core product is LiDAR road sensing equipment, which is used in various applications. The company’s inclusion on the list came without explanation, and Hesai plans to file a lawsuit, stating that it is not a military company and its products are designed for civilian use only. The U.S. Department of Commerce has designated Hesai’s products as unsuitable for any military application. President Biden’s administration has maintained tariffs on Chinese goods and limited China’s access to advanced U.S. technology. The Defense Department periodically updates its list of Chinese military companies to counter links between the Chinese military and civilian entities.
A Nasdaq-listed Chinese technology company called Hesai Technology is considering suing the US government, after it was included in a list of companies with ties to the Chinese military. The companies included on the list have a range of investors such as US pension funds and foundations. Hesai, which makes parts for self-driving vehicles, denies that it has any link with military activities. The company asserts that its products have received a Department of Commerce designation stating they are not suitable for any military application. President Biden has increased tariffs on Chinese goods and limited US investments in firms deemed to be strategically sensitive or have significant sanctions against Chinese companies.
