Hesai (HSAI) shares plunge 10.10% on fifth straight day of decline

Hesai (HSAI) shares plunged 10.10% intraday, marking the fifth consecutive day of decline, with a cumulative drop of 24.21% over the past five days. The stock price hit its lowest level since December 2024.

Hesai Technology's Lidar solution has been chosen by WeRide to power autonomous vehicles on Uber's platform in Dubai. This selection aligns with the city's 2030 Smart Mobility initiative, showcasing Hesai's role in cutting-edge transportation technologies. This positive development, reported on April 3, 2025, could have a significant impact on HSAI's stock performance, underscoring the company's involvement in innovative mobility solutions.

Despite the positive news, there are mixed signals and expectations of weak performance surrounding Hesai Group. However, these signals are not directly tied to specific events impacting the stock in April 2025. The overall sentiment remains cautious, with investors closely monitoring the company's progress and market dynamics.