The Latest Tech Caught in the U.S.-China Trade War: Lasers

Oct. 31, 2023 10:00 am ET

Hesai Group, a Shanghai-based maker of laser sensors used for next-generation vehicles, celebrated a Nasdaq stock offering in February that was heralded by some as a comeback for Chinese listings in the U.S.

Less than nine months later, Hesai has become an example of how the U.S.-China battle over technology is roiling the business world. Its stock is down more than 50%, and the company is on the back foot, hiring lobbyists and defending its reputation.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Source link