Ge Long Hui·2025-12-24 09:49Core Viewpoint - Hesai Technology (HSAI.US) has announced a strategic partnership with Meituan's drone division, marking a significant milestone as its second-generation solid-state LiDAR, FTX, has been selected for mass production by Meituan [1] Group 1: Company Developments - Hesai's stock price increased by 1.06% to $22.82 in pre-market trading [1] - The company is recognized as a leader in the global LiDAR industry and is expected to benefit from the advancement of L2+/L3/L4 regulations, which may allow it to capture a larger market share both domestically and internationally [1] - The robotics LiDAR sector presents substantial growth potential, which could serve as a second growth curve for the company [1] Group 2: Financial Metrics - The total market capitalization of Hesai is approximately $3.526 billion [1] - The stock has a 52-week high of $30.85 and a low of $10.41, indicating significant volatility [1] - The current price-to-earnings ratio is not applicable due to reported losses, and the price-to-book ratio stands at 2.802 [1]