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Hesai Group (NASDAQ:HSAI) shares are plummeting on Thursday. Yesterday, in a press release, the company expressed its disppointment for being added to the U.S. Department of Defense’s list of “Chinese Military Companies.” “We believe this inclusion is unjust, capricious, and meritless,” the company said. According to the company, Hesai lidars are for civilian use only and have never been designed or validated to military specifications. All of 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 produ…

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