US Sued Over Blacklist on Firms Linked to Chinese Military
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 d...
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