financetom
Business
financetom
/
Business
/
China's Hesai to sue Pentagon after being reinstated to blacklist, FT reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China's Hesai to sue Pentagon after being reinstated to blacklist, FT reports
Oct 25, 2024 12:43 PM

(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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved