Stock Track | Hesai Technology Soars 5.16% Intraday on Yole Report Confirmation of Global LiDAR Leadership and New Chip Launch

Stock Track

05/07

Hesai Technology's stock soared 5.16% during intraday trading on Thursday, following the release of positive industry recognition and technological advancements.

International research authority Yole released its latest automotive LiDAR report, confirming Hesai's position as the global leader in ADAS main LiDAR shipments with a dominant 43% market share. Simultaneously, the company strengthened its technological edge by unveiling the world's first 6D full-color LiDAR ultra-sensitive chip, the Picasso SPAD-SoC.

Fundamentally, the company has demonstrated strong business traction by securing ADAS design wins across more than 160 vehicle models from 40 automotive brands, including coverage of the top ten OEMs in China. Furthermore, Hesai is successfully diversifying beyond automotive applications, with cumulative orders for its lawn mowing robot LiDAR exceeding 10 million units.

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