Streetbeat News

HSAI

Hesai Group

https://www.hesaitech.com

Industry

Auto - Parts

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas. Hesai Group was founded in 2014 and is based in Shanghai, China.

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Several stocks, including Vipshop Holdings, Jiayin Group, and ATRenew, experienced declines in pre-market trading. Vipshop's shares fell 7.2% after reporting a year-over-year sales decrease, despite beating Wall Street expectations. The company also projected a revenue decline for Q3 2024.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 12:16 pm

Hesai Group anticipates Q3 net revenues between $61.9 million and $68.8 million, marking a year-over-year increase of 1.0% to 12.2%.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 9:10 pm

Hesai Group (NASDAQ:HSAI) reported a Q2 adjusted EPS of $(0.05), beating the estimate of $(0.06), but sales of $63.14M missed the $65.22M estimate. EPS improved from last year's $(0.04), while sales increased by 3.99% from $60.72M.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 9:08 pm

Shares of companies within the broader consumer discretionary sector are trading higher following strong economic data that helps ease recession concerns.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:46 pm

Shares of companies within the consumer discretionary sector are trading higher due to overall market strength following softer-than-expected July PPI figures, which could alleviate some inflation concerns and boost consumer sentiment outlook.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:44 pm

Loar Holdings Inc. (NYSE:LOAR) reported better-than-expected second-quarter earnings and sales, leading to an 18.2% increase in its stock price. Other notable gainers include iLearningEngines, Inc. (NASDAQ:AILE), Starbucks Corporation (NASDAQ:SBUX), PACS Group, Inc. (NYSE:PACS), Pulse Biosciences, Inc. (NASDAQ:PLSE), and Clean Energy Fuels Corp. (NASDAQ:CLNE), among others.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 3:44 pm

Rumble Inc. (NASDAQ:RUM) shares rose 7.1% in pre-market trading after reporting better-than-expected Q2 financial results. Other notable pre-market movers include Vicinity Motor Corp. (NASDAQ:VEV) up 136.7%, MKDWELL Tech Inc. (NASDAQ:MKDW) up 54.1%, and Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) down 56.4%.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 10:35 am

The U.S. Commerce Department is preparing a proposal to ban Chinese software in autonomous and connected vehicles, citing national security concerns. This move could impact Chinese companies like WeRide Inc. (NASDAQ:HSAI), Baidu (NASDAQ:BIDU), BYD (OTC:BYDDF), NIO (NYSE:NIO), and XPeng Inc. (NYSE:XPEV), which are involved in autonomous driving technology.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 7:34 am

Hesai Technology has entered a strategic partnership with Westwell to provide lidar solutions for autonomous driving, industrial robots, heavy machinery, and smart cities.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:31 pm

Baidu has selected Hesai Technology as the exclusive long-range lidar provider for its next-generation robotaxis, with a deal estimated at $200-300 million. This partnership is significant given Baidu's plans to deploy 100,000 robotaxi vehicles in China, a market expected to grow substantially in the coming years.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:07 pm

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