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The Nasdaq Golden Dragon China Index rose nearly 2%, with Li Auto and Hesai gaining over 4%.
Gelonghui, February 6 | Chinese概念股 performed strongly as a group, with the Nasdaq China Golden Dragon Index rising nearly 2%. Notably, Cango and Bomei Group surged over 9%, Nio and So-young International climbed more than 8%, while Li Auto, 21Vianet, Aihuishou, and Hesai increased over 4%. GDS Holdings, Kingsoft Cloud, Baozun E-commerce, and HUYA Inc. rose by more than 3%. Pony AI, XPeng Motors, Baidu, and Bilibili gained over 2%, and Alibaba, NetEase, and JD.com advanced more than 1%.
Hesai Group's (NASDAQ:HSAI) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
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Express News | Guangdong: Expanding the operational areas of unmanned public transportation and broadening the scope of road testing and pilot applications for intelligent connected vehicles.
Hesai's stock rose in pre-market trading as the company plans to double its production capacity by 2026.
Gelonghui, February 3rd | Hesai (HSAI.US) rose by 3.99% at one point during pre-market trading, reaching a price of $23.96. In terms of developments, Hesai Group recently announced at the 2026 International Consumer Electronics Show that, to meet the growing demand for LiDAR in ADAS and robotics, the company plans to double its annual production capacity from 2 million units in 2025 to 4 million units in 2026. (Gelonghui)