Chinese lidar maker Hesai to pour Hong Kong listing proceeds into expanding production

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Hesai Group, the world’s largest maker of automotive lidar sensors, plans to double down on production capacity amid a bullish global outlook for intelligent cars after raising HK$4.2 billion (US$531 million) in a Hong Kong share offering.Chief financial officer Andrew Fan said after the Shanghai-based company’s trading debut on Tuesday that the quality and affordability of Hesai’s light detection and ranging sensors – which employ laser beams to measure distances to objects – would effectively...