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Hesai Group
Hesai Group designs and manufactures lidar sensors, which are laser-based devices that help self-driving cars see and navigate their surroundings. Their products are used by automotive companies and technology firms developing autonomous vehicles to detect objects, measure distances, and create 3D maps of the environment. The company makes money by selling these hardware sensors to vehicle manufacturers and technology partners.
Hesai operates in the autonomous vehicle technology sector, which focuses on developing systems that allow cars to drive themselves without human input. This industry includes companies creating sensors, software, and computing hardware for self-driving applications, with growth tied to adoption of autonomous technology by automakers and tech companies.
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Price is extended significantly above 52-week highs.
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