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Hesai’s Stock Surges 28.3% After Record-Breaking Deal with Mercedes-Benz

Hesai Group’s stock hit an all-time high following a significant partnership with Mercedes-Benz. The company’s revenue grew by 28.3% in the fourth quarter, marking a record high for the full year. This growth is attributed to a landmark deal with Mercedes-Benz, which has propelled Hesai into the spotlight. The partnership not only signifies a major milestone for Hesai but also reflects the increasing demand for their products in the automotive industry.

Source: seekingalpha.com

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