Hesai Technology (HSAI) announced the signing of a cooperation framework with SAIC Volkswagen to establish a strong foundation for Hesai and SAIC Volkswagen to build a new ecosystem for the automotive industry, with Hesai's advanced lidar products and technology at the core.
Hesai Technology is specialized in lidar products and technology. It integrates the manufacturing process of lidar into the R&D design process. SAIC Volkswagen Automobile Co. is a Sino-German joint venture operated by SAIC Group and Volkswagen Group. SAIC Volkswagen was one of the first automotive joint ventures in China.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.