BUZZ-Hesai gains as Chinese automaker Chery to buy lidar sensors
ReutersJan 21, 2025 1:58 PM
U.S.-listed shares of China-based lidar sensor maker Hesai Technology HSAI.O up 3.7% at $16.16 premarket
Hesai says it has secured design wins for multiple models made by Chinese automaker Chery Automobile
Chery's models are expected to enter mass production in the second half of 2025 and will be equipped with Hesai's ultra-compact high-performance ATX lidar
Hesai says in 2025, its planned annual production capacity is expected to exceed 2 million units
Up to last close, stock had more than doubled in the past 12 months
(Reporting by Akash Sriram in Bengaluru)
((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))
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