US Stock Market Move | Hesai (HSAI.US) rose more than 8%, helping RoboSense deploy a thousand autonomous vehicles in Dubai.

On Tuesday, Hesai (HSAI.US) rose more than 8% to $16.02. On the news front, on March 28, RoboFast announced the first large-scale testing and service of autonomous driving in Dubai for the city center, deploying over 1000 fully autonomous cars in Dubai, each equipped with 4 Hesai LiDAR sensors. Hesai Group Sponsored ADR delivered over 100,000 LiDAR units in December last year, becoming the first LiDAR company to achieve a monthly delivery volume of over 100,000 units. By 2025, Hesai plans to have an annual production capacity exceeding 2 million units. Hesai CEO and Co-founder David Li said, "Our LiDAR solution continues to be the preferred choice for leading global autonomous driving platforms, demonstrating outstanding range, resolution, and reliability, all of which are key components for safe autonomous operation in complex urban environments. As Apollo Go introduces this groundbreaking technology in Dubai, we are proud to support the next chapter of autonomous travel worldwide."