Hesai Group American Depositary Share, each ADS represents one Class B ordinary share (HSAI)
Hesai Group is a technology company specializing in the development and manufacturing of advanced LiDAR sensors and solutions primarily for autonomous vehicles, robotics, and industrial applications. The company's ADS represent ownership in its Class B ordinary shares, allowing investors to gain exposure to Hesai's innovative sensor technology and growing presence in the autonomous driving industry.
Company News
The driverless vehicle market is poised for significant growth, with multiple companies investing in autonomous technology across automotive and tech sectors. The industry faces challenges in regulation and public trust but offers potential trillion-dollar opportunities by 2030.
Seyond Holdings Ltd., a LiDAR supplier for Nio, received approval for a Hong Kong stock listing through a SPAC merger, with authorization to list up to 190,240,000 shares on the Hong Kong Stock Exchange.
Hesai Group plans to launch a global offering of 17 million Class B ordinary shares, with a dual primary listing on the Hong Kong Stock Exchange and continued listing on Nasdaq, targeting to raise funds for R&D, manufacturing, and business expansion.
Hesai Group, a Chinese manufacturer of lidar sensors, saw its stock soar nearly 50% after signing a major deal with a leading European automaker, likely Mercedes-Benz, to provide advanced automotive lidars for their upcoming platform.
Hesai (HSAI) and Leapmotor team up to revolutionize driving with advanced lidar tech, boosting the future of automated mobility.