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Market Chatter: Hesai Group to Slash Main Lidar Product's Price by Half Next Year
Trending Industry Today: Hesai Leads Gains In Lidar Technology Stocks
Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Wednesday Ahead of Crucial Inflation Data
Hesai Group Third Quarter 2024 Earnings: CN¥0.54 Loss per Share (Vs CN¥1.13 Loss in 3Q 2023)
Hesai's Q3 revenue soared, and the stock price skyrocketed by 40% in one day! The price of core products will be halved next year!
Lidar manufacturer Hesai Technology believes that in the future, the prevalence of their core products in electric vehicles could be comparable to that of airbags, and their third-quarter report also proves that this is not mere rhetoric.
Turning point of profitability is approaching! Hesai (HSAI.US) performance greatly exceeds expectations, closing up 44% on the first trading day after the results.
In recent years, the capital markets have become more prudent. The market has placed higher demands on companies' profitability and long-term development. Against this background, whether enterprises can completely rely on their own strength to "continue their lives" and even achieve profitability without external funding has become a critical issue facing their development. Taking the global smart automobile industry chain as an example, although many star companies have emerged, the number of companies that have achieved profitability is not many. Especially in the field of lidar, Yole Intelligence pointed out in the "2024 Global Lidar Market Report" that many companies are facing funding challenges.
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