Lidar manufacturer Hesai Technology strongly disagrees with the decision by the US Department of Defense to include them on the "Chinese military companies" list. They plan to sue the US Department of Defense to protect their legal rights.
Leading Chinese lidar firm Hesai Technology listed on the Nasdaq on February 9. However, it was not easy for Hesai to get listed and Chinese companies will still face many challenges when seeking a US listing this year.
Leading Chinese lidar firm Hesai Technology submitted a prospectus on January 17 in preparation for its listing on the Nasdaq under stock code "HSAI."
Xiaomi Auto's factory is expected to obtain an automobile production qualification from June to July 2023, a big move for the company's mass-production plans.
On September 29, Hesai Technology announced that the monthly delivery of its AT128 has exceeded 10,000 units, making it the world's first lidar manufacturer to accomplish the feat.
Xiaomi has identified Hesai Technology as the lidar supplier for its first car, which will come at a price exceeding 300,000 yuan ($43,460). The lidar firm for autonomous driving has previously received investment from Xiaomi.