Hesai(US:HSAI) Ge Long Hui·2025-10-13 08:14Core Viewpoint - Hesai (HSAI.US) has achieved a significant milestone by becoming the first company globally to produce over one million LiDAR units annually, marking a pivotal moment in its vision to enable 1% of vehicles worldwide with 3D perception capabilities by 2025 [1] Company Summary - Hesai's stock rose over 7% pre-market, reaching $23.62 following the announcement of its one millionth LiDAR unit produced by the end of September [1] - The company aims to lead the LiDAR industry with its "million units per year" production capacity, setting new standards in the sector [1] Industry Summary - Morgan Stanley has raised its forecast for 2025 automobile sales in mainland China by 6% to 29.9 million units, indicating a 9% year-on-year increase [1] - The anticipated surge in vehicle purchases is attributed to the expected pre-purchase wave before the expiration of stimulus policies and the launch of several new models, which are expected to boost wholesale sales in the fourth quarter [1] - Morgan Stanley has also increased Hesai's target price to $35, maintaining an "Overweight" rating [1]