Reported 1 day ago
Hesai Group's stock skyrocketed by 19.5% last week, closing at $18.29 due to investor enthusiasm following the announcement of a fourfold increase in production capacity to 2 million units this year. The company's founder and CEO, David Li Yifan, assured that supply chain issues would be managed effectively as the company also launched its new lidar solution, Infinity Eye, aimed at enhancing autonomous driving technologies.
Source: YAHOO