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Hesai Group American Depositary Share, each ADS represents one Class B ordinary share - $HSAI STOCK NEWS

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Rhea-AI Summary

Hesai Group, a global leader in lidar solutions, will report its first quarter 2024 unaudited financial results on May 20, 2024, after the U.S. markets close. An earnings conference call is scheduled for 9:00 PM ET the same day.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
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conferences earnings
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Rhea-AI Summary
Hesai Group, a global leader in lidar solutions, filed its annual report on Form 20-F for 2023 with the SEC. Shareholders can access the audited financial statements online or request a hard copy for free.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
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none
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Rhea-AI Summary
Marelli and Hesai collaborate to integrate cutting-edge lidar technology into automotive headlamps, enhancing safety and object detection. The partnership aims to combine Marelli's innovative headlamp design with Hesai's compact and customizable ATX lidar for improved vehicle safety and aesthetics at a lower cost.
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Rhea-AI Sentiment
End-of-Day
0.94%
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none
Rhea-AI Summary
Hesai Technology (Nasdaq: HSAI) has launched a new ultra-wide FOV, long-range lidar called ATX, designed for intelligent vehicles. The ATX lidar offers a longer detection range, higher resolution, and wider FOV, empowering vehicles with excellent 3D perception. It utilizes Hesai's advanced 4th-generation technology platform, making it 60% smaller and lighter than the previous model, AT128. ATX can detect up to 300 meters with a 140° horizontal FOV, identifying complex road conditions like rain and fog in real-time with over 99% noise filtering. The market has responded positively with design wins and nominations from global leading OEMs, aiming for large-scale production in 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.76%
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none
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Rhea-AI Summary
Xiaomi launches the Xiaomi SU7, its first mass-produced electric vehicle, in collaboration with Hesai. The vehicle features advanced technology, including Hesai's AT128 lidar, achieving over 88,898 reservations on the first day. The partnership aims to enhance intelligent driving capabilities and promote safer, more efficient driving experiences globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.82%
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none
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Rhea-AI Summary
Hesai Technology (Nasdaq: HSAI) and Leapmotor announced a strategic partnership to enhance intelligent driving solutions using Hesai's automotive lidar products. Leapmotor's collaboration with Stellantis Group will boost global sales. Hesai's diverse lidar portfolio aims to meet the growing demand for intelligent driving systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
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none
Rhea-AI Summary
Hesai Group (HSAI) reports strong financial performance with a 56.1% increase in full-year 2023 net revenues and a 176.1% rise in total lidar shipments. Despite positive results, the company faces challenges due to being added to the U.S. Department of Defense's list of 'Chinese Military Companies'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.91%
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Rhea-AI Summary
Li Auto Inc. introduces Li MEGA, its first high-voltage battery electric vehicle, equipped with Hesai Technology's LiDAR AT128. The L8 and L7 Pro models will also feature Hesai LiDAR as standard, enhancing intelligent driving capabilities. The partnership aims to revolutionize MPVs with advanced safety features and innovative design.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.92%
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none
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Rhea-AI Summary
Hesai Group, a global leader in lidar solutions, will announce its fourth quarter and full year 2023 unaudited financial results on March 11, 2024. The earnings conference call will take place at 9:00 PM ET. Participants can pre-register for the call and access a live webcast. A replay will be available until March 19, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.25%
Tags
conferences earnings
Rhea-AI Summary
Hesai Technology Co., Ltd. (Nasdaq: HSAI) responds to being included on the U.S. Department of Defense's list of 'Chinese Military Companies Operating in the United States.' CEO Yifan 'David' Li plans to file a lawsuit, stating that Hesai is not a military company and that its products are for civilian use only. The company believes the inclusion is unjust and undermines fair competition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
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Hesai Group American Depositary Share, each ADS represents one Class B ordinary share

Nasdaq:HSAI

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641.22M
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23.97%
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