Hesai Group is a technology company that specializes in the development and production of advanced lidar sensors and perception systems for autonomous vehicles, smart transportation, and other applications that require high-precision 3D spatial awareness. The company's innovative solutions enable vehicles to navigate and understand their environments in real-time, contributing to the advancement of autonomous driving technology. Additionally, Hesai Group is engaged in enhancing sensor capabilities for a range of industries, including robotics, drones, and mapping, aiming to drive forward the integration of intelligent technologies in various sectors.
Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQTSLA) and Palantir Technologies, Inc.
All three major indices were red in Friday’s midday trading, with the S&P 500 and Nasdaq 100 down 1% and 1.24%, respectively, and on track for their worst weeks since September 2024.
