BUZZ-Hesai Group soars on Reuters report of sensor supply deal with Mercedes-Benz

Reuters
2025.03.11 14:40
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U.S.-listed shares of Chinese lidar sensor maker Hesai Group (ZN80y.F) surge 40.5% to $22.5Mercedes-Benz (MBGn.DE) will develop smart driving cars for global markets equipped with Hesai’s lidar sensors, Reuters reported, citing a person with direct knowledgeLidar uses lasers to produce three-dimensional images of a vehicle’s surroundings to help navigation around obstaclesHesai is China’s largest lidar maker and competes with U.S.-based LuminarStock has nearly tripled in the past 12 months

U.S.-listed shares of Chinese lidar sensor maker Hesai Group (ZN80y.F) (HSAI.O) surge 40.5% to $22.5

Mercedes-Benz (MBGn.DE) will develop smart driving cars for global markets equipped with Hesai’s lidar sensors, Reuters reported, citing a person with direct knowledge

Lidar uses lasers to produce three-dimensional images of a vehicle’s surroundings to help navigation around obstacles

Hesai is China’s largest lidar maker and competes with U.S.-based Luminar (LAZR.O)

Stock has nearly tripled in the past 12 months

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