Hesai Group, a leading manufacturer of light detection and ranging (lidar) solutions, saw its stock price soar by 17.8% during the intraday trading session on Thursday. The significant rally came after the company announced that it delivered over 100,000 lidar units in December, with deliveries for the robotics market exceeding 20,000 units.
The strong delivery figures underscore the growing demand for Hesai's lidar technology, which is crucial for autonomous driving and robotics applications. As the autonomous vehicle industry continues to gain traction, Hesai is well-positioned to capitalize on this trend and solidify its position as a key player in the lidar market.
Analysts are optimistic about Hesai's prospects, citing the company's strong execution and market leadership in lidar solutions. The impressive delivery numbers have further bolstered investor confidence, as evidenced by the stock's remarkable surge on Thursday.
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