Congress could ban new drones from two Chinese manufacturers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
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Should l Buy ?
Source: Reuters
Potential Drone Ban: The U.S. House of Representatives is set to vote on a military bill that could ban China-based DJI and Autel Robotics from selling new drones in the U.S. market due to national security concerns, with a determination required within one year.
DJI's Response: DJI argues that it is being unfairly targeted, claiming it has undergone independent security audits and enhanced privacy controls, while also facing challenges such as import restrictions and lawsuits related to its designation as a company linked to China's military.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
