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@vchong8:$Hesai Group(HSAI)$ Bullish Hesai Technology is the global leader in three-dimensional light detection and ranging (lidar) solutions. The Company’s lidar products enable a broad spectrum of applications across passenger and commercial vehicles with advanced driver assistance systems (ADAS) and autonomous vehicle fleets (autonomous mobility). Hesai's technology also empowers robotics applications such as last-mile delivery robots and logistics robots in restricted areas. As of December 31, 2023, Hesai has shipped over 300,000 lidar units in total. The company’s commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai integrates lidar designs with an in-house manufacturing process, facilitating rapid product development while ensuring high performance and consistent quality. Hesai has established strong relationships with leading automotive OEMs, autonomous vehicle, and robotics companies worldwide, covering over 40 countries as of December 31, 2023. Tesla's big bet on robotaxis and potential global rollout globally will keep the wheel spinning but I see two major flaws which could be catastrophic for robotaxis. The lack of LiDAR which is becoming mainstream for FSD (full self driving) due to lower costs, wider range and streamlined size $Hesai (HSAI.US)$ Hesai Technology means Tesla's reliance on cameras alone risk collision with high speed vehicles outside the range of it's cameras especially in the dark. Waymo's self driving taxis rollout in limited cities shows that LiDAR is a crucial component of FSD. Tesla's all in bet on deploying unsupervised FSD technology without the use of LiDAR will be an interesting experiment. Not having steering wheel at the helm makes it impossible to pivot to supervised FSD in the event of teething problems with the initial rollout. If successful, it could herald a shift away from LiDAR for FSD and hasten the deployment of AI at the edge. However, given the challenges faced by Waymo's self driving taxis three year old experiment in major US cities despite the use of LiDAR, I foresee that if Tesla pivots to using LIDAR for robotaxis, $Hesai (HSAI.US)$ stock could see an immediate rerating and revisit it's IPO price of $19 and turn profitable. Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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