Hesai Up Premarket After Mercedes Lidar Win, Q1 Profit
Hesai Group shares traded up in U.S. premarket Tuesday. The Chinese lidar company turned a first-quarter profit, shipped more than twice as many sensors, and said it would supply its lidar tech for Mercedes-Benz Level 3 autonomous models. The stock changed hands at $22.60 as of 6:00 a.m. ET, gaining 2.68% over Monday’s close of $22.01 ahead of the main U.S. session. Moves in premarket trade tend to be volatile because volumes are usually lower.