Hesai Group (HSAI.US) shares climbed nearly 8% on Friday to trade at $13.09.
On October 22, Hesai Technology announced that it had secured an exclusive contract to supply LiDAR sensors for Li Auto's next-generation full-platform advanced driver-assistance system.
The deal covers Li Auto's entire vehicle lineup, including the L series, i series, and MEGA models, meaning Hesai will continue to serve as Li Auto's sole LiDAR supplier, providing three-dimensional perception hardware as the foundation for the next generation of high-level intelligent driving systems.
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