From Yahoo Finance: 2025-05-04 05:38:00

Hesai Group (NASDAQ:HSAI) surged by 19.5 percent last week, ending at $18.29, fueled by news of a fourfold production expansion to meet demand for driver-assistance systems. CEO David Li Yifan announced plans to boost manufacturing capacity to 2 million units this year. The company also launched the Infinity Eye lidar solution for autonomous driving.

In the past trading week, major indices like the Nasdaq, Dow Jones, and S&P 500 rallied up to 3.4 percent. Ten mid-cap firms stood out, gaining as high as 48 percent due to strong earnings performance. HSAI ranked 4th on the list of top-performing companies, showing promise but with greater potential in AI stocks for higher returns.

The list of 10 best-performing mid-cap companies was compiled based on stocks with a $2-billion market capitalization and $5-million trading volume, with criteria focused on the highest percentage increase in closing prices. These companies achieved double-digit gains, emphasizing better-than-expected earnings and outlook.

HSAI’s success last week was driven by its aggressive production expansion plans, aiming to meet the growing demand for its driver-assistance systems. The company’s CEO announced intentions to increase manufacturing capacity to 2 million units this year, a significant jump from 502,000 units produced last year. Additionally, the launch of the Infinity Eye lidar solution for autonomous driving showcases HSAI’s commitment to innovation in the industry.



Read more at Yahoo Finance: Why Hesai Group (HSAI) Soared Last Week