Why These 15 Vehicles & Parts Stocks Are Surging In 2025

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7. Hesai Group (NASDAQ:HSAI)

Number of Hedge Fund Holders In Q4 2024: 17

Hesai Group (NASDAQ:HSAI) is a global leader specializing in three-dimensional light detection and ranging, known as lidar, solutions for automotive and robotics applications.

The company’s stock has performed strongly in 2025, driven by positive developments and market expectations. A significant boost occurred around March 19, 2025, when Hesai announced it was selected as the exclusive lidar provider for a major European automotive manufacturer’s next-generation global vehicle platform, calling it the largest global program in the automotive lidar industry.

In mid-March, Hesai’s stock rallied after DBS analyst Elizabelle Pang reiterated a Buy rating and raised the price target from $28 to $35. The analyst cited expected benefits from the growing robotaxi industry, strong company guidance for 2025, good gross margins, and ongoing ADAS development. Earlier, in February 2025,

Hesai announced an expanded partnership with Chinese electric vehicle maker BYD to supply lidar sensors for multiple models starting production in 2025. The company filed its 2024 annual report on April 1, 2025.

The consensus price target of $22.8 implies 24.66% upside.

HSAI stock is up 32.34% year-to-date.

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