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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

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Business & Economics

Is Hesai Group (HSAI) the Best Lidar Stock to Buy According to Hedge Funds?

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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80% Informative

Hesai Group (NASDAQ:HSAI) is a China -based designer and manufacturer of automotive lidar sensors.

The United Nations reports that approximately 1.35 million people die on the road annually , often due to human error.

Lidar (Light Detection and Ranging ) technology creates a 3D map of their surroundings in microseconds, allowing faster reaction times than human drivers.

Hesai Group (NASDAQ:HSAI) is positioning itself to meet growing demand.

The company’s new ATX LiDAR sensor, which offers powerful performance in a compact form factor, will enter mass production in Q1 2025 .

HSAI ranks 11th on our list of best Lidar stocks to buy according to hedge funds.