Bitcoin Miners Dominate Tuesday’s 10 Best-Performing Stocks

7. Hesai Group (NASDAQ:HSAI)

Hesai Group rallied by 12.75 percent on Tuesday to finish at $13.09 apiece as investor sentiment was fueled by its launch of a new light detection and ranging (lidar) technology to support autonomous driving systems.

On Monday, HSAI said it officially launched the Infinity Eye, a lidar solution for level 2 to 4 autonomous driving.

According to the company, the solution includes three configurations—Infinity Eye A, B, and C—each tailored to meet the specific requirements of L4+ high-level autonomous systems, L3 conditional autonomous driving, and L2 assisted driving, respectively.

The company also introduced to the market three next-generation automotive-grade lidar products, namely the ETX ultra-long-range lidar, the AT1440 ultra-high-definition lidar, and the FTX fully solid-state blind spot lidar.

In other news, HSAI recently broke ground for its first overseas factory to shield itself from the growing trade tensions between the United States and China.

In a report by the Financial Times, HSAI is slated to build its first overseas plant next year as it looks to build production lines overseas in addition to its factories in China, “to avoid risks related to geopolitics and tariffs.”