Elevating Auto Safety: Hesai And Webasto Team Up To Integrate Lidar In Roof Sensor Modules
Portfolio Pulse from Shivani Kumaresan
Hesai Group (NASDAQ:HSAI) has partnered with automotive supplier Webasto to provide lidar sensors for its Roof Sensor Module for passenger cars with Advanced Driver Assistance Systems (ADAS). Hesai's AT128 long-range lidar has been integrated into Webasto's current Roof Sensor Module. The lidar technology can provide accurate information about the size, shape, location, and movements of surrounding objects, improving safety performance. HSAI shares are trading lower by 0.76% at $10.42 in premarket on Tuesday.
September 05, 2023 | 1:21 pm
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NEUTRAL IMPACT
Hesai Group's partnership with Webasto to provide lidar sensors for its Roof Sensor Module could potentially increase its market share in the ADAS sector. However, HSAI shares are currently trading lower.
The partnership with Webasto could potentially increase Hesai's market share in the ADAS sector, which could positively impact its revenues in the long term. However, the immediate impact on the stock price is negative, with HSAI shares trading lower in the premarket. This could be due to other market factors not mentioned in the news.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100