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BANGKOK (AP) 鈥� China’s leading supplier of LiDAR technology has denied a report saying it has links to the Chinese military, as the company awaits a U.S. court’s ruling on the U.S. government’s decision to include it in a Defense Department list of suppliers to the Chinese military .

Hesai is the industry鈥檚 global leader in sales of laser sensors known as LiDAR and a major supplier to Chinese electric vehicle makers. Its Nasdaq-traded shares surged last week after it reported it had reached profitability. They fell about 10% on Tuesday after the stock research group Blue Orca Capital issued its report, which also accused the company of misleading investors.

鈥淲e are aware of the report published by short-seller Blue Orca Capital,鈥� Hesai said in an emailed statement. 鈥淗esai is committed to stringent standards of business ethics and regulatory compliance. We strongly disagree with the allegations in the Blue Orca report and are of the view that they are without merit.鈥�

Hesai sued the U.S. government last year after was added to a Defense Department list of companies considered to have Chinese military connections. The company says it has no such links.

According to court documents, a hearing was scheduled for Thursday in the District Court of the District of Columbia for Hesai鈥檚 case against the Department of Defense.

LiDAR is short for 鈥渓ight detection and ranging.鈥� It uses lasers in remote sensing to measure distances and surfaces around a device, supplementing information detected by cameras and other sensors. It’s used in autonomous driving and other applications such as consumer robots and industrial automation.

Hesai is the main supplier of LiDAR to Chinese automakers including BYD. It also was a supplier to Cruise, which General Motors GM bought in 2016 with high hopes of developing a profitable fleet of robotaxis. GM retreated from that venture late last year, after investing billions, saying it would develop partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel.

Hesai also supplies Amazon’s Zoox robotaxi service, which is to the general public in Las Vegas at some point this year before also launching in San Francisco.

In the transcript of a recent earnings call, Hesai’s CEO David Li said the U.S. government 鈥渃ontinued to falsely accuse us of associating with the Chinese military.”

鈥淲e can state definitely that DOD has not accused Hesai of being owned or controlled by any military bodies, selling products to any military bodies or otherwise directly supporting any military bodies,鈥� he said. Instead it asserts that Hesai supports Chinese 鈥渕ilitary-civil fusion.鈥�

The Blue Orca report includes still images of tanks shown on the Chinese national broadcaster CCTV or in other state-run media and at industry exhibitions that appear to be equipped with Hesai LiDAR units, with close-ups showing the brand name on the devices.

It also notes that U.S. President Donald Trump’s comments describing Chinese technology companies with ties to the military as a threat to national security raise the risk that Hesai faces risks to its business and investments in the U.S.

鈥淯ltimately, we do not think that U.S. authorities will permit a Chinese military company whose products are equipped on Chinese military vehicles to take advantage of the privilege of American capital markets,鈥� it said.

Hesai reported a 14 million yuan ($1.9 million) profit last year, reversing from a loss of 241 million yuan in 2023.