DJI to be added to investment and export blacklists

The Financial Times reported that Chinese drone maker DJI will be added to the investment and export blacklists this week. In total eight Chinese companies will be added to the list on Thursday by the U.S. Commerce Department.

DJI to be added to investment and export blacklists

In addition to being added to the investment and export blacklists, the U.S. will place more than two dozen Chinese companies on the ‘entity list’, which will restrict American firms from exporting to them. DJI was first added to the ‘entity list’ last year.

The U.S. treasury department will put DJI and seven other companies on the “Chinese military-industrial complex companies” blacklist because of their suspected participation in the monitoring of the Uyghur Muslim minority, the news outlets reports. The list currently includes 60 firms in which US investors are not permitted to invest.

The drone maker declined to comment on the news and referred, Reuters to the statement from last year when DJI was first included on the ‘entity list’.

“DJI is disappointed in the U.S. Department of Commerce’s decision. Customers in America can continue to buy and use DJI products normally. DJI remains committed to developing the industry’s most innovative products that define our company and benefit the world.”

Dji To Be Added To Investment And Export Blacklists 1

A spokesperson for the Chinese foreign ministry said that opposed the “suppression” of its companies by the and that it would keep a careful eye on how the situation would unfold.

According to the Financial Times the other companies that will be added to the list are:

  • Image-recognition software firm Megvii
  • Supercomputer maker Dawning Information Industry
  • Facial recognition specialist CloudWalk Technology
  • Cyber security group Xiamen Meiya Pico
  • company Yitu Technology
  • Cloud computing firms Leon Technology and NetPosa Technologies.

Dji To Be Added To Investment And Export Blacklists 2

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Haye Kesteloo

Haye Kesteloo is the Editor in Chief and Founder of DroneXL.co, where he covers all drone-related news, DJI rumors and writes drone reviews, and EVXL.co, for all news related to electric vehicles. He is also a co-host of the PiXL Drone Show on YouTube and other podcast platforms. Haye can be reached at haye @ dronexl.co or @hayekesteloo.

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