(Updates to include recent movement of Hesai Technology's American depositary shares in the headline and first paragraph.)
Hesai Technology (HSAI) shares were up 9.7% in recent Tuesday trading after the company said it will expand its partnership with BYD to provide lidar for more than 10 vehicle models, which are expected to begin mass production this year.
The company said its ATX lidar, designed for advanced driver assistance capabilities, will enter mass production in Q1 and has already been picked by multiple automakers.
BYD said all its models will include its "God's Eye" advanced driver assistance system, with lidar for autopilot navigation for both city and highway driving.
Hesai reported delivering over 100,000 lidar units in December 2024 and expects its annual production capacity to exceed 2 million units by the end of the year.
Price: 18.75, Change: +1.66, Percent Change: +9.71
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。