Hesai Shares Surge Past 100,000 LiDAR Units Milestone in December

Hesai Group, a company specializing in automotive lidar technology, saw its shares sharply rise by up to 15% on Monday after announcing the delivery of over 100,000 lidar units in December. In a statement released on Monday, Hesai Group also shared its future production goals, indicating that it expects the company’s annual production capacity to exceed 2 million units by 2025. The company’s stock performance has been strong, with a 52% increase in value from the beginning of the year to the last close. Lidar, which stands for Light Detection and Ranging, is a critical technology used in the development of autonomous vehicles. This technology allows vehicles to perceive their surroundings with high accuracy by emitting light waves and measuring the reflections. As automakers and tech companies accelerate the development of driverless vehicles, suppliers like Hesai Group are expected to benefit from the growth of this market.