Hesai Stock Plunges 8.5% Amid Dubai Autonomous Vehicle Push

On April 4, 2025, Hesai's stock experienced a significant drop of 8.5% in pre-market trading, reflecting investor sentiment and market dynamics.

Hesai Technology has made significant strides in the autonomous vehicle sector, with its lidar technology being selected to power WeRide's autonomous fleet operating on Uber in Dubai. This partnership aligns with Dubai's vision to transform 25% of all journeys in the city into self-driving experiences, highlighting Hesai's leadership in lidar technology for automotive mobility and robotics applications.

Additionally, Hesai's lidar solutions have been exclusively chosen to power Baidu Apollo Go's deployment of over 1,000 L4 autonomous vehicles in Dubai. This collaboration underscores Hesai's growing influence in the autonomous vehicle market and its commitment to advancing self-driving technology.