China-based lidar maker Hesai Technology sues US DoD over list, citing reputational damage, stock drop, lost opportunities.
China-based lidar maker Hesai Technology has sued the US Department of Defense for including it on a list of companies accused of aiding China's military. Hesai, a developer of sensor technologies used in self-driving cars, claims the placement on the list has caused reputational damage, a drop in stock price, and lost business opportunities. The company is seeking an order from the court to remove it from the list or declare the provision unconstitutional.
May 13, 2024
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