Hesai gains as Chinese automaker Chery to buy lidar sensors

Hesai

21/01/2025 13:58

** 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;))