December 20, 2021
The U.S. government has imposed further restrictions on Chinese drone maker DJI and seven other Chinese companies through the Treasury Department.
It has been claimed that DJI’s drone technology has been used to monitor Uyghur Muslims in China, and the new sanction means DJI is now on an investment exclusion list.
This, therefore, prohibits U.S. citizens from buying and selling shares in the company. But despite the new sanctions, U.S. consumers will still be able to buy and use DJI drones, as DJI is not a publicly-traded company.
Many may not know, but DJI has decent patronage in the United States, as more than 900 U.S. public safety agencies use the company’s products.
Further data from Drone Industry Insights showed that the company had a market share of almost 80% in consumer drones by 2020.
For more information, read the original story on the BBC.
