PALO
ALTO, Calif., Jan. 31,
2024 /PRNewswire/ -- We are deeply disappointed to
learn that Hesai has been added to the U.S. Department of Defense's
list of "Chinese Military Companies." We believe this inclusion is
unjust, capricious, and meritless.
Hesai lidars are for civilian use only. We do not sell our
products to any military in any country, nor do we have ties of any
kind to any military in any country. Hesai is a publicly traded,
privately owned company (Nasdaq: HSAI) with an independent
corporate governance structure.
Our lidars have never been designed or validated to military
specifications. All Hesai's lidar products are classified as EAR99
by the Bureau of Industry and Security of the U.S. Department of
Commerce, which indicates that the products are not suitable for
any military application.
While we believe our addition to this list is unjust and was
made in error, we do not expect it will cause any significant
disruption to our business. The list only prevents the U.S.
Department of Defense from purchasing products from included
entities. To the best of our knowledge, Hesai has not sold any
products to the U.S. Department of Defense or any other military
parties in the past, nor will we do so in the future.
Our inclusion on this list follows almost a one-year media smear
campaign based on unsubstantiated, baseless and false allegations
(it has been alleged that Hesai is owned and
controlled by the Chinese military, may be helping China spy on Americans and Hesai poses a
national security threat to the U.S.), followed by an intensive
lobbying effort on Capitol Hill against us orchestrated by lidar
competitors seeking to leverage anti-China sentiment in the U.S. The technological
superiority and quality of our products have made us a target by
our competitors who are failing to deliver any products suitable
for the automotive market. Our competitors that are years behind in
product development are desperate and have resorted to political
lobbying in attempt to block critical and lifesaving lidar products
that will enhance road safety. Our products are preferred and
trusted by leading OEMs, manufacturers, autonomous driving
companies, and robotics companies in over 40 countries. We remain
undaunted in our commitment to developing market leading lidar
technologies that reduce accidents, save lives, and make global
transportation safer for everyone.
About Hesai Technology
Hesai Technology (Nasdaq: HSAI)
is a global leader in lidar solutions. The company's lidar products
enable a broad spectrum of applications, including passenger and
commercial vehicles with Advanced Driver Assistance Systems (ADAS),
autonomous driving vehicles, and robotic applications such as
last-mile delivery robots and AGVs. Hesai seamlessly integrates its
in-house manufacturing process with lidar R&D and design,
enabling rapid product iteration while ensuring high performance,
high quality, and affordability. The company has superior R&D
capabilities across optics, mechanics, electronics, and software.
Hesai has established offices in Shanghai, Palo
Alto, and Stuttgart, with
customers spanning over 40 countries.
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SOURCE Hesai Group