BUZZ-Hesai Group soars on Reuters report of sensor supply deal with Mercedes-Benz
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U.S.-listed shares of Chinese lidar sensor maker Hesai Group (ZN80y.F) surge 40.5% to $22.5Mercedes-Benz (MBGn.DE) will develop smart driving cars for global markets equipped with Hesai’s lidar sensors, Reuters reported, citing a person with direct knowledgeLidar uses lasers to produce three-dimensional images of a vehicle’s surroundings to help navigation around obstaclesHesai is China’s largest lidar maker and competes with U.S.-based LuminarStock has nearly tripled in the past 12 months
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