Chinese technology company lashes back at US

A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles has threatened to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military
BANGKOK — A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles is threatening to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military.
Hesai Technology’s core product is LiDAR road sensing equipment, used in passenger and commercial vehicles, autonomous driving vehicles, delivery robots and other applications. It was among 17 companies the U.S. Department of Defense recently added to its list of companies it considers “Chinese military companies.”
The revised list also includes Megvii, a Beijing-based artificial intelligence company and IDG Capital, a major private equity investment company with holdings in many Chinese technology companies, and major Chinese energy, telecoms and aviation companies. Its investors include U.S. pension funds and foundations.
Hesai's inclusion on the list came without any explanation and the company plans to file a lawsuit, Hesai CEO Yifan “David” Li said in a statement that described the move as “unjust, capricious and meritless.”
“Hesai is not a military company. Hesai products are for civilian use only and have never been designed or validated for military use," he said.
Li did not give any details on the company’s plans for legal action. The statement accused Hesai’s critics of conducting a smear campaign against it for unfair commercial advantage.
In a statement issued last week, the company said its LiDARs were not designed to conform to military specifications. The U.S. Department of Commerce has designated them as not being suitable for any military application, it said.
Hesai's stock price has fallen to about $4 from about $22 a year ago.
President Joe Biden’s administration has kept in place tariffs imposed by his predecessor Donald Trump after he launched a trade war against Beijing in 2018. Under Biden, the U.S. has further limited China’s access to advanced U.S. technology, limited U.S. investments in strategically sensitive Chinese industries and expanded sanctions on leading Chinese companies like Huawei Technologies.
The Defense Department periodically updates its list of now nearly four dozen Chinese military companies to counter links between Chinese military and companies and other entities that it says appear to be civilian.
China's foreign and commerce ministries protested the move after the list was expanded last week.
In 2021, Chinese smartphone maker Xiaomi Corp., which overtook Apple Inc. as the world’s No. 3 smartphone maker by sales for a time, was removed from the blacklist after it sued the U.S. government, demanding to be removed and denying it has any links with China’s People’s Liberation Army.
24/7 coverage of breaking news and live events

source Chinese teindia Chinese techina Chinese teusa Chinese te
Canada Chinese tekuwait Chinese teAntigua and Barbuda
Chinese teArgentina Chinese teArmenia
Chinese te
Australia
Chinese teAustria
Chinese teAustrian Empire*
Azerbaijan
Chinese teBaden*
Bahamas, The
Chinese teBahrain
Chinese teBangladesh
Chinese teBarbados
Chinese teBavaria*
Chinese teBelarus
Chinese teBelgium
Chinese teBelize
Chinese teBenin (Dahomey)
Chinese teBolivia
Chinese teBosnia and Herzegovina
Chinese teBotswana
Chinese teBrazil
Chinese teBrunei
Chinese teBrunswick and Lüneburg*
Chinese teBulgaria
Chinese teBurkina Faso
Chinese teBurma
Chinese teBurundi
Chinese teCabo Verde
Chinese teCambodia
Chinese teCameroon
Chinese teCanada
Chinese teCayman Islands, The
Chinese teCentral African Republic
Chinese teCentral American Federation*
Chinese teChad
Chinese teChile
Chinese teChina
China
Chinese teColombia
Chinese teComoros
Chinese teCongo Free State, The*
Chinese teCosta Rica
Chinese teCote d’Ivoire
Chinese teCroatia
Chinese teCuba
Chinese teCyprus
Chinese teCzechia
Chinese teCzechoslovakia*
Chinese teDemocratic Republic of the Congo
Chinese teDenmark
Chinese teDjibouti
Chinese teDominica
Chinese teDominican Republic
Chinese teDuchy of Parma, The*
Chinese teEast Germany German Democratic Republic*
Chinese teEcuador
Chinese teEgypt
Chinese teEl Salvador
Chinese teEquatorial Guinea
Chinese teEritrea
Chinese teEstonia
Chinese teEswatini
Chinese teEthiopia
Chinese teFederal Government of Germany *
Chinese teFiji
Chinese teFinland
Chinese teindia Chinese techina Chinese teusa Chinese te
Canada Chinese tekuwait Chinese teAntigua and Barbuda
Chinese teArgentina Chinese teArmenia
Chinese te
Australia
Chinese teAustria
Chinese teAustrian Empire*
Azerbaijan
Chinese teBaden*
Bahamas, The
Chinese teBahrain
Chinese teBangladesh
Chinese teBarbados
Chinese teBavaria*
Chinese teBelarus
Chinese teBelgium
Chinese teBelize
Chinese teBenin (Dahomey)
Chinese teBolivia
Chinese teBosnia and Herzegovina
Chinese teBotswana
Chinese teBrazil
Chinese teBrunei
Chinese teBrunswick and Lüneburg*
Chinese teBulgaria
Chinese teBurkina Faso (Upper Volta)
Chinese teBurma
Chinese teBurundi
Chinese teCabo Verde
Chinese teCambodia
Chinese teCameroon
Chinese teCanada
Chinese teCayman Islands, The
Chinese teCentral African Republic
Chinese teCentral American Federation*
Chinese teChad
Chinese teChile
Chinese teChina
China
Chinese teColombia
Chinese teComoros
Chinese teCongo Free State, The*
Chinese teCosta Rica
Chinese teCote d’Ivoire
Chinese teCroatia
Chinese teCuba
Chinese teCyprus
Chinese teCzechia
Chinese teCzechoslovakia*
Chinese teDemocratic Republic of the Congo
Chinese teDenmark
Chinese teDjibouti
Chinese teDominica
Chinese teDominican Republic
Chinese teDuchy of Parma, The*
Chinese teEast Germany
Chinese teEcuador
Chinese teEgypt
Chinese teEl Salvador
Chinese teEquatorial Guinea
Chinese teEritrea
Chinese teEstonia
Chinese teEswatini
Chinese teEthiopia
Chinese teFederal Government of Germany *
Chinese teFiji
Chinese teFinland
A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles has threatened to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military
BANGKOK — A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles is threatening to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military.
Hesai Technology’s core product is LiDAR road sensing equipment, used in passenger and commercial vehicles, autonomous driving vehicles, delivery robots and other applications. It was among 17 companies the U.S. Department of Defense recently added to its list of companies it considers “Chinese military companies.”
The revised list also includes Megvii, a Beijing-based artificial intelligence company and IDG Capital, a major private equity investment company with holdings in many Chinese technology companies, and major Chinese energy, telecoms and aviation companies. Its investors include U.S. pension funds and foundations.
Hesai's inclusion on the list came without any explanation and the company plans to file a lawsuit, Hesai CEO Yifan “David” Li said in a statement that described the move as “unjust, capricious and meritless.”
“Hesai is not a military company. Hesai products are for civilian use only and have never been designed or validated for military use," he said.
Li did not give any details on the company’s plans for legal action. The statement accused Hesai’s critics of conducting a smear campaign against it for unfair commercial advantage.
In a statement issued last week, the company said its LiDARs were not designed to conform to military specifications. The U.S. Department of Commerce has designated them as not being suitable for any military application, it said.
Hesai's stock price has fallen to about $4 from about $22 a year ago.
President Joe Biden’s administration has kept in place tariffs imposed by his predecessor Donald Trump after he launched a trade war against Beijing in 2018. Under Biden, the U.S. has further limited China’s access to advanced U.S. technology, limited U.S. investments in strategically sensitive Chinese industries and expanded sanctions on leading Chinese companies like Huawei Technologies.
The Defense Department periodically updates its list of now nearly four dozen Chinese military companies to counter links between Chinese military and companies and other entities that it says appear to be civilian.
China's foreign and commerce ministries protested the move after the list was expanded last week.
In 2021, Chinese smartphone maker Xiaomi Corp., which overtook Apple Inc. as the world’s No. 3 smartphone maker by sales for a time, was removed from the blacklist after it sued the U.S. government, demanding to be removed and denying it has any links with China’s People’s Liberation Army.
24/7 coverage of breaking news and live events

Myyatkart

Search This Blog

Chinese technology company lashes back at US

Comments

Post a Comment

Popular posts from this blog

Telugu cinema posters get a digital makeover! | Telugu Movie News - TOI Etimes

New technology to replace problematic water pipes in Crawford County - wgxa.tv

Converged Identity Platforms consolidate features found in other technologies - SC Media